Company Update

08 April 2010


Manager of Company Announcements
Australian Securities Exchange
Level 6
20 Bridge Street
SYDNEY NSW 2000


Via e-lodgement

Company Update

Texas - Second Well Commences

Range Resources Limited ("Range" or "the Company") is pleased to announce that
site preparations have commenced in readiness for the upcoming drilling of the
Russell-Bevly Unit #1 well in Nueces County, TX.

The well will be the Company's second to date in the North Chapman Ranch Field,
where the Smith #1 discovery well recently commenced production. With a
projected total depth of 14,000 ft. (4,200m), the Russell Bevly #1 well will be
an appraisal well located approximately 1,900 ft. (570m) north-northwest of the
Smith #1.

The well is expected to add reserves and production while helping to delineate
the overall size of the reservoir. Range holds a 20% working interest in the
well, which has an estimated dry hole cost of $US3.8m (Range share US$760,000).
Range will provide regular updates on the progress on the drilling of the
Russell-Bevly.

Georgia - Seismic Acquisition Completed

Range is also pleased to announce that the Seismic Survey conducted on the
License Blocks VIa and VIb in the Republic of Georgia has been completed and
signed off by the Company's Georgian Partner, Strait Oil and Gas Ltd ("Strait")
with the Seismic Contractors.

Strait had engaged the Seismic Contractors to conduct a minimum of 350 km 2D
Seismic survey over the license area in accordance with the Phase II provisions
of the PSA governed by a contract signed in September 2009.

The seismic programme was acquired using the vibroseis technique and in total
410 kms of 2D seismic data were recorded. From the onset the character of the
data observed in the QC brute stacks was good to very good and remained so
throughout the programme.

Processing and interpretation of the data will be undertaken during 2Q 2010
with the aim of identifying potential drilling targets and work to develop a
drilling programme to commence in the 4Q 2010.

Puntland Update

Range's Onshore Puntland Joint Venture Partner and Operator, Africa Oil Corp.
("Africa Oil") announced an update (7 April 2010) on the Joint Venture's
interest onshore Puntland:

Dharoor Block: Africa Oil has completed a comprehensive interpretation of newly
acquired 2D seismic data over the Dharoor Block. Several large prospects have
been identified. Africa Oil and its joint venture partners have agreed to
initially drill one prospect in Dharoor. The well is expected to commence
drilling before the end of 2010.

Nugaal Block: Africa Oil has completed a re-interpretation of the existing 2D
seismic data over the Nugaal Block. Several large prospects have been
identified. Africa Oil and its joint venture partners are in discussion
regarding drilling plans for 2010-2011.


Yours faithfully

Peter Landau
Executive Director

Contacts

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 (Broker)
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 the
    joint venture planning to drill two wells (JV Operator - Africa Oil Corp.
    (TSXV:AOI) - 65% working interest), 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. A 410km 2D seismic
    acquisition program has recently been completed with processing and
    interpretation of the acquired data scheduled for Q2 2010.
   
  * Range holds a 25% interest in the Smith #1 Well on 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 Smith #1 well resulted in a commercial discovery
    with production having commenced in February 2010.