DRILLING UPDATE – SMITH #1 WELL, TEXAS

ASX Announcement
30 September 2009

                    DRILLING UPDATE - SMITH #1 WELL, TEXAS                     

Update by Australian based oil and gas explorer Range Resources Limited (ASX:
RRS; AIM: RRL) ("Range" or "the Company") on its exploration drilling program
in North Chapman Ranch, Texas.

Smith #1 well, North Chapman Ranch

The exploration well Smith #1 spudded on 4 September 2009. Surface casing has
been set and cemented at 1,528 ft (465m).

Name of well                Smith #1                          
                                                            
Spud date                   4 September 2009                  
                                                            
Current depth of well       ~10,918 ft (3,329m)               
                                                            
Target depth of well        ~14,200 ft (4,329m)               
                                                            
RRS beneficial interest     25%                               


Figure 1: Unit Texas Rig #35 drilling ahead on Smith #1 well - please see website. 

Background on North Chapman Ranch

Range holds a 25% working interest in the drilling of Smith #1 well. The well
shall be drilled to an approximate depth of 14,200 ft (4,329m) or to a depth
sufficient to test the Howell Hight formation. If successful, the Smith #1 well
could trigger significant oil and gas production and development drilling with
very attractive economics, at a time when exploration and development costs in
the US have dropped dramatically.

Range will continue to update the market on a weekly basis during its
exploration drilling program.

End

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)   Fox-Davies Capital (Broker)
Stuart Laing                                Daniel Fox-Davies
Tel: [phone]                      Tel: [phone]