Drilling Update - Smith #1 Well, Texas

ASX Announcement

5 November 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 the North Chapman Ranch area, Texas.

Smith #1 well, North Chapman Ranch

The Smith # 1 exploration well spudded on 4 September 2009. Surface casing was
set and cemented at 1,528 ft (465m) and the well was subsequently drilled to
the intermediate casing depth of 11,352 ft (3,455m). Open hole logs were
acquired on October 9, 2009, and 9 5/8" casing set and cemented shortly
thereafter. Drilling recommenced as per the announcement 30 October 2009.
Open-hole evaluation is currently being undertaken as the well approaches
target depth in line with prudent industry practice.

Well Details

Name of well             Smith #1                    
                                                  
Spud date                4 September 2009            
                                                  
Proposed total depth     ~14,200 ft (4,329m)         
                                                  
RRS working interest     25%                         


Figure 1: Unit Texas Rig #35 on Smith #1 well - please refer to website. 


Background on North Chapman Ranch

Range holds a 25% working interest in the drilling of the Smith #1 well. The
well is programmed to an approximate depth of 14,200 ft (4,329m). 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]