Appendix 3B

20 January 2010

Companies Announcement Office
Australian Stock Exchange Limited
20 Bond Street
SYDNEY NSW 2000


Via E-lodgement

APPENDIX 3B


Please find attached an Appendix 3B


For and on behalf of the board

PETER LANDAU
Executive Director

For further information please contact:
Range Resources
Peter Landau
Tel : [phone]
Em: [e-mail]

Australia                                                London
PPR                                                      Conduit PR
David Tasker                                             Jonathan Charles
Tel: [phone]                                   Tel: + 44 (0) 20 7429 6666
Em: [e-mail]                              Em: [e-mail]

RFC Corporate Finance (Nominated Advisor)                Old Park Lane Capital Plc
Stuart Laing                                             Michael Parnes
Tel: [phone]                                   Tel: [phone]

Range Background

Range Resources is a dual listed (ASX: RRS; AIM: RRL) oil & gas exploration
company with oil & gas interests in the frontier state of Puntland, Somalia,
the Republic of Georgia and Texas, USA.

  * In Puntland, Range holds a 20% working interest in two licences
    encompassing the highly prospective Dharoor and Nugaal valleys with plans
    to drill two wells (TSXV:AOI) - 65% Operator, in 2010.
   
  * In the Republic of Georgia, Range holds a 50% farm-in interest in onshore
    blocks VIa and VIb, covering approx. 7,000sq.km. Currently, Range is
    undertaking a 350km 2D seismic program.
   
  * Range holds a 25% interest in the North Chapman Ranch project, Texas. The
    project area encompasses approximately 1,680 acres in one of the most
    prolific oil and gas producing trends in the State of Texas. Drilling of
    the first well has resulted in a commercial discovery with production
    commencing Jan/Feb 2010.
   


                                               Rule 2.7, 3.10.3, 3.10.4, 3.10.5

                                  Appendix 3B                                  

                            New issue announcement,                            

              application for quotation of additional securities               

                                 and agreement                                 

Information or documents not available now must be given to ASX as soon as
available. Information and documents given to ASX become ASX's property and may
be made public.

Introduced 1/7/96. Origin: Appendix 5. Amended 1/7/98, 1/9/99, 1/7/2000, 30/9/
2001, 11/3/2002, 1/1/2003.

Name of entity                                                  
                                                                
RANGE RESOURCES LIMITED                                         

ABN                       
                          
88 002 522 009            

We (the entity) give ASX the following information.

Part 1 - All issues

You must complete the relevant sections (attach sheets if there is not enough
space).

1  +Class of +securities issued  Ordinary Fully Paid Shares          
   or to be issued                                                   
                                                                     
2  Number of +securities issued  151,595,332 Ordinary Fully Paid     
   or to be issued (if known) or Shares to be issued Pursuant to the 
   maximum number which may be   Company's Non-renouncable Rights    
   issued                        Issue                               
                                                                     
                                 70,000,000 Ordinary Fully Paid      
                                 Shares to be issued in a Placement  
                                 to Sophisticated and Institutional  
                                 Investors                           
                                                                     
                                 1,408,871 Ordinary Fully Paid Shares
                                 to be issued in lieu of consulting  
                                 services                            
                                                                     
                                 19,500 Ordinary Fully Paid Shares to
                                 be issued on exercise of listed     
                                 options (5 cents, 31 Dec 2011)      
                                                                     
3  Principal terms of the                                            
   +securities (eg, if options,  151,595,332 Ordinary Fully Paid     
   exercise price and expiry     Shares to be issued Pursuant to the 
   date; if partly paid          Company's Non-renouncable Rights    
   +securities, the amount       Issue                               
   outstanding and due dates for                                     
   payment; if +convertible      70,000,000 Ordinary Fully Paid      
   securities, the conversion    Shares to be issued in a Placement  
   price and dates for           to Sophisticated and Institutional  
   conversion)                   Investors                           
                                                                     
                                 1,408,871 Ordinary Fully Paid Shares
                                 to be issued in lieu of consulting  
                                 services                            
                                                                     
                                 19,500 Ordinary Fully Paid Shares to
                                 be issued on exercise of listed     
                                 options (5 cents, 31 Dec 2011)      
                                                                     
                                 ,                                   

4   Do the +securities rank      Yes                                 
    equally in all respects from                                     
    the date of allotment with                                       
    an existing +class of quoted                                     
    +securities?                                                     
                                                                     
    If the additional securities                                     
    do not rank equally, please                                      
    state:                                                           
                                                                     
      * the date from which they                                     
        do                                                           
                                                                     
      * the extent to which they                                     
        participate for the next                                     
        dividend, (in the case                                       
        of a trust,                                                  
        distribution) or                                             
        interest payment                                             
                                                                     
      * the extent to which they                                     
        do not rank equally,                                         
        other than in relation                                       
        to the next dividend,                                        
        distribution or interest                                     
        payment                                                      
                                                                     
5   Issue price or consideration 151,595,332 Ordinary Fully Paid     
                                 Shares to be issued Pursuant to     
                                 the Company's Non-renouncable       
                                 Rights Issue at 5 cents per share   
                                 to raise approximately $7,579,766.  
                                 Proceeds of the offer to satisfy    
                                 joint venture obligations in        
                                 relation to the Puntland Projects,  
                                 completion of the acquisition and   
                                 seismic interpretation in relation  
                                 to the Georgian Projects, Tie-in    
                                 costs for the Smith No. 1 well in   
                                 Texas and working capital.          
                                                                     
                                 70,000,000 Ordinary Fully Paid      
                                 Shares to be issued in a Placement  
                                 to Sophisticated and Institutional  
                                 Investors at 5 cents per share      
                                 raising $3.5m to fund Puntland      
                                 operations, Georgian operations     
                                 and Texan operations, issue costs   
                                 and working capital.                
                                                                     
                                 1,408,871 Ordinary Fully Paid       
                                 Shares to be issued in lieu of      
                                 consulting services                 
                                                                     
                                 19,500 Ordinary Fully Paid Shares   
                                 to be issued on exercise of listed  
                                 options (5 cents, 31 Dec 2011)      
                                                                     
6   Purpose of the issue         151,595,332 Ordinary Fully Paid     
                                 Shares to be issued Pursuant to     
    (If issued as consideration  the Company's Non-renouncable       
    for the acquisition of       Rights Issue at 5 cents per share   
    assets, clearly identify     to raise approximately $7,579,766.  
    those assets)                Proceeds of the offer to satisfy    
                                 joint venture obligations in        
                                 relation to the Puntland Projects,  
                                 completion of the acquisition and   
                                 seismic interpretation in relation  
                                 to the Georgian Projects, Tie-in    
                                 costs for the Smith No. 1 well in   
                                 Texas and working capital.          
                                                                     
                                 70,000,000 Ordinary Fully Paid      
                                 Shares to be issued in a Placement  
                                 to Sophisticated and Institutional  
                                 Investors at 5 cents per share      
                                 raising $3.5m to fund Puntland      
                                 operations, Georgian operations     
                                 and Texan operations, issue costs   
                                 and working capital.                
                                                                     
                                 1,408,871 Ordinary Fully Paid       
                                 Shares to be issued in lieu of      
                                 consulting services                 
                                                                     
                                 19,500 Ordinary Fully Paid Shares   
                                 to be issued on exercise of listed  
                                 options (5 cents, 31 Dec 2011)      
                                                                     
7   Dates of entering     71,428,371 Ordinary Fully Paid Shares on   
    +securities into      or about 20 January 2010                   
    uncertificated                                                   
    holdings or despatch  151,595,332 Rights Issue Shares on or      
    of certificates       about 23 February 2010                     
                                                                     

                             Number           +Class                      
                                                                          
8    Number and +class of    757,976,657 *    Ordinary fully paid shares  
     all +securities quoted                   (RRS)                       
     on ASX (including the   64,901,186                                   
     securities in clause 2                   Listed Options (RRSOA)      
     if applicable)          340,505,105 *    (A$1.00, 1 October 2010)    
                                                                          
                                              Listed Attaching Options    
                                              (RRSO) ($A0.05, 31 December 
                                              2011)                       

* 50m ordinary fully paid shares and 50m listed options RRSO (5 cents, 31
December 2011) still to be issued upon milestones in respect to the Georgian
acquisition being:

- 20m shares and 20m options upon completion of phase 2 of the PSA; and

- 30m shares and 30m options upon completion of the first 2 wells under the PSA

                              Number           +Class                     
                                                                          
9     Number and +class of    3,177,029        Unlisted Options (A$0.50,  
      all +securities not                      30 June 2012)              
      quoted on ASX                                                       
      (including the                                                      
      securities in clause 2                                              
      if applicable)                                                      
                                                                          
10    Dividend policy (in the Not applicable                              
      case of a trust,                                                    
      distribution policy) on                                             
      the increased capital                                               
      (interests)                                                         

Part 2 - Bonus issue or pro rata issue

11  Is security holder approval      NO                            
    required?                                                      
                                                                   
12  Is the issue renounceable or     NON-RENOUNCABLE               
    non-renounceable?                                              
                                                                   
13  Ratio in which the +securities   1 FOR 4                       
    will be offered                                                
                                                                   
14  +Class of +securities to which   ORDINARY FULLY PAID SHARES    
    the offer relates                                              
                                                                   
15  +Record date to determine        29 JANUARY 2010               
    entitlements                                                   
                                                                   
16  Will holdings on different       N/A                           
    registers (or subregisters) be                                 
    aggregated for calculating                                     
    entitlements?                                                  
                                                                   
17  Policy for deciding entitlements ROUND DOWN                    
    in relation to fractions                                       
                                                                   
18  Names of countries in which the  N/A                           
    entity has +security holders who                               
    will not be sent new issue                                     
    documents                                                      
                                                                   
    Note: Security holders must be                                 
    told how their entitlements are                                
    to be dealt with.                                              
                                                                   
    Cross reference: rule 7.7.                                     
                                                                   
19  Closing date for receipt of      15 FEBRUARY 2010              
    acceptances or renunciations                                   
                                                                   
20  Names of any underwriters        MAX CAPITAL PTY LTD           
                                                                   
21  Amount of any underwriting fee   5%                            
    or commission                                                  
                                                                   
22  Names of any brokers to the      N/A                           
    issue                                                          
                                                                   
23  Fee or commission payable to the N/A                           
    broker to the issue                                            
                                                                   
24  Amount of any handling fee       N/A                           
    payable to brokers who lodge                                   
    acceptances or renunciations on                                
    behalf of +security holders                                    
                                                                   
25  If the issue is contingent on    N/A                           
    +security holders' approval, the                               
    date of the meeting                                            
                                                                   
26  Date entitlement and acceptance  1 FEBRUARY 2010               
    form and prospectus or Product                                 
    Disclosure Statement will be                                   
    sent to persons entitled                                       

27  If the entity has issued         N/A                           
    options, and the terms entitle                                 
    option holders to participate on                               
    exercise, the date on which                                    
    notices will be sent to option                                 
    holders                                                        
                                                                   
28  Date rights trading will begin   N/A                           
    (if applicable)                                                
                                                                   
29  Date rights trading will end (if N/A                           
    applicable)                                                    
                                                                   
30  How do +security holders sell    N/A                           
    their entitlements in full                                     
    through a broker?                                              
                                                                   
31  How do +security holders sell    N/A                           
    part of their entitlements                                     
    through a broker and accept for                                
    the balance?                                                   
                                                                   
32  How do +security holders dispose N/A                           
    of their entitlements (except by                               
    sale through a broker)?                                        
                                                                   
33  +Despatch date                   23 FEBRUARY 2010              

Part 3 - Quotation of securities

You need only complete this section if you are applying for quotation of
securities

34   Type of securities                                              
                                                                     
     (tick one)                                                      
                                                                     
(a)       Securities described in Part 1                             
                                                                     

(b)  All other securities                                     
                                                              
     Example: restricted securities at the end of the escrowed
     period, partly paid securities that become fully paid,   
     employee incentive share securities when restriction     
     ends, securities issued on expiry or conversion of       
     convertible securities                                   

Entities that have ticked box 34(a)

Additional securities forming a new class of securities

Tick to indicate you are providing                                    
the information or documents                                          

35        If the +securities are +equity securities, the names of  
          the 20 largest holders of the additional +securities, and
          the number and percentage of additional +securities held 
          by those holders                                         
                                                                   
36        If the +securities are +equity securities, a distribution
          schedule of the additional +securities setting out the   
          number of holders in the categories                      
                                                                   
          1 - 1,000                                                
                                                                   
          1,001 - 5,000                                            
                                                                   
          5,001 - 10,000                                           
                                                                   
          10,001 - 100,000                                         
                                                                   
          100,001 and over                                         
                                                                   
37        A copy of any trust deed for the additional +securities  

Entities that have ticked box 34(b)

38   Number of securities for which                                
     +quotation is sought                                          
                                                                   
39   Class of +securities for which                                
     quotation is sought                                           
                                                                   
40   Do the +securities rank equally                               
     in all respects from the date of                              
     allotment with an existing                                    
     +class of quoted +securities?                                 
                                                                   
     If the additional securities do                               
     not rank equally, please state:                               
                                                                   
       * the date from which they do                               
                                                                   
       * the extent to which they                                  
         participate for the next                                  
         dividend, (in the case of a                               
         trust, distribution) or                                   
         interest payment                                          
                                                                   
       * the extent to which they do                               
         not rank equally, other than                              
         in relation to the next                                   
         dividend, distribution or                                 
         interest payment                                          
                                                                   
41   Reason for request for quotation                              
     now                                                           
                                                                   
     Example: In the case of                                       
     restricted securities, end of                                 
     restriction period                                            
                                                                   
     (if issued upon conversion of                                 
     another security, clearly                                     
     identify that other security)                                 
                                                                   
                                      Number  +Class               
                                                                   
42   Number and +class of all                                      
     +securities quoted on ASX                                     
     (including the securities in                                  
     clause 38)                                                    

Quotation agreement

1 +Quotation of our additional +securities is in ASX's absolute discretion. ASX
may quote the +securities on any conditions it decides.

2 We warrant the following to ASX.

• The issue of the +securities to be quoted complies with the law and is not
for an illegal purpose.

• There is no reason why those +securities should not be granted +quotation.

• An offer of the +securities for sale within 12 months after their issue will
not require disclosure under section 707(3) or section 1012C(6) of the
Corporations Act.

Note: An entity may need to obtain appropriate warranties from subscribers for
the securities in order to be able to give this warranty

• Section 724 or section 1016E of the Corporations Act does not apply to any
applications received by us in relation to any +securities to be quoted and
that no-one has any right to return any +securities to be quoted under sections
737, 738 or 1016F of the Corporations Act at the time that we request that the
+securities be quoted.

• We warrant that if confirmation is required under section 1017F of the
Corporations Act in relation to the +securities to be quoted, it has been
provided at the time that we request that the +securities be quoted.

• If we are a trust, we warrant that no person has the right to return the
+securities to be quoted under section 1019B of the Corporations Act at the
time that we request that the +securities be quoted.

3 We will indemnify ASX to the fullest extent permitted by law in respect of
any claim, action or expense arising from or connected with any breach of the
warranties in this agreement.

4 We give ASX the information and documents required by this form. If any
information or document not available now, will give it to ASX before
+quotation of the +securities begins. We acknowledge that ASX is relying on the
information and documents. We warrant that they are (will be) true and
complete.

Sign here:

Date: 20 January 2010
Print name: Jane Flegg - Company Secretary