March Quarter Results

Range Resources Limited
                                                             ABN 88 002 522 009

                                                            34 Parliament Place
                                                             West Perth WA 6005

                                                                     PO Box 684
                                                             West Perth WA 6872

                                                             P: [phone]
                                                             F: [phone]

                                                    [e-mail]

30 April 2008

               QUARTERLY REPORT FOR PERIOD ENDING 31 MARCH 2008                

The Board of Range Resources Ltd ("Range" or the "Company") is pleased to
provide the following commentary to be read in conjunction with the Appendix
5B.

HIGHLIGHTS:

  * Contract signed for Drilling Rig
   
  * Mobilisation of equipment commences
   
  * Seismic Program to commence in May 2008 on Dharoor Block in Puntland
   
  * Puntland Government passes new legislation and launches new website
    (www.puntlandgov.net) with key policy initiatives and clarity on TFG
    relationship
   
  * TFG Collaboration
   

Exploration

Drilling Programme

The following includes extracts from the announcement made by the Company's
joint venture partner Africa Oil Corp. ("Africa Oil" (TSX VENTURE:AOI) on 28
April 2008.

As announced during the quarter a contract was signed by Africa Oil with Energi
Tata Persada Pte Ltd (ETP), a Singaporean registered company. ETP is a wholly
owned subsidiary of Catur Khita Persada, an Indonesian oil and gas service company
who perform extensive turn key drilling projects in Indonesia.

The ETP rig No 3 is a brand new package currently being constructed in the
Shengli fabrication plant in Dongying, China and is a 1,500 horsepower (HP)
unit, equipped with the latest drilling technology, including a top drive and
three 1,600 HP pumps.

The ETP rig was scheduled for delivery in mid May, 2008 and was planned to
immediately mobilize to Jebel Ali, Dubai via chartered vessel. Preparations
were well advanced to spud the first well during July and the drilling
contractors and Africa Oil's drilling manager had visited the proposed well
sites in Puntland. Twelve containers of casing and camp construction equipment
are scheduled to arrive at Bosasso port from Jebal Ali (UAE) via Djibouti in
the first week of May. However, the recent upsurge in civil unrest in southern
Somalia and piracy around Somalia's coast have given rise to significant
logistical difficulties in shipping further large amounts of heavy equipment
and supplies to the drilling location. After close consultation with the
Puntland Government, it has been decided that the prudent course of action is
to delay the drilling programme temporarily. Both Range and Africa Oil are
working with the Puntland Government to ensure all contractors and operators
concerns can be met in order to get the drilling program reactivated in the
shortest possible time frame. Once a revised timetable has been agreed,
shareholders will be updated immediately.



Seismic Programme

During the quarter, Africa Oil finalised a contract with IMC-Tesla for the
completion of approximately 2,600km of 2D seismic in the northern Dharoor Block
and in March the seismic contractors visited the Dharoor valley and completed
an initial reconnaissance of the area. The mobilization of the seismic crew and
equipment is progressing smoothly and it is expected that work will commence in
the first half of May 2008.



Puntland Visit and Government Initiative

During the quarter the Company organized a visit to Puntland for several
foreign journalists and oil analysts in order for them to familiarize
themselves with the situation in Puntland and meet and question the Puntland
President, His Excellency, Mohamed Musse Hersi and his senior cabinet
ministers.

The Puntland Government met the journalists and Company representatives in
Garowe and the President undertook several individual question and answer
sessions with the journalists, (some extracts from media articles will be made
available on Range's website). In addition, the Puntland Government announced
two major initiatives and formally launched a new website www.puntlandgov.net
in order to help better communicate the Government's actions and policies. The
launch was undertaken with the Company as part of the Company's push to not
only increase exposure leading into the seismic and drilling programmes but to
help nullify continuous negative comments from unofficial, overseas based
websites that purport to represent Puntland opinion. The Puntland Government
also presented to the Company and its guests the Puntland Five Year Development
Plan, a comprehensive document which sets out the Puntland Strategic Vision and
the Policy Guidelines.



TFG and Puntland

The Puntland Government finished recent discussions with the TFG culminating in
further support from the TFG President, His Excellency Abdullah Yusuf Ahmed.
The respective governments agreed that a key initiative in ensuring the success
of the current exploration activities was the formation of a successful
collaboration between both governments. The legitimacy of existing agreements
in Puntland was endorsed and agreement was reached regarding the establishment
of representative committees to discuss revenue sharing arrangements in the
event of a Federal Somalia being established.



Mineral Exploration

Previously a number of exploration targets have been identified in Puntland,
however, remote site access and drill availability have been long standing
issues which have prevented further work. The increase in resource activity in
recent years has resulted in a shortage of drilling equipment and manpower with
lead times on exploration drills and drilling contracts typically around two
years at this moment in time. The need to drill in Northern Somalia further
compounded the difficulties of securing drill rigs and contractors.

The Company has therefore been working at securing its own exploration drill
rig and has now been successful in purchasing a versatile drill rig suitable
for rugged and remote conditions. The machine will be delivered in the coming
quarter and will be used first on tenements the Company holds in the
Forrestania region of Western Australia. These tenements, which were held prior
to the Company's acquisition of its interests in Puntland, have the potential
for gold and nickel mineralization and have been reviewed and rationalized over
the last year. The drilling will serve a dual purpose of evaluating the
potential of these tenements and testing the new Western Australian made
drilling rig. The Puntland targets and logistics will be further reviewed and
after testing, the rig will be available to be moved to Puntland.



Offshore acreage

Range is in the final stages of negotiations with regards to the completion of
a 10,000-15,000km 2D line seismic programme funded by proposed joint venture
partners. Recent incidents in offshore Puntland have delayed finalization but
the Company is confident that agreements can be concluded, particularly with
the recent offer of assistance from the Puntland Government regarding the
utilization of Patrol boats.



Contacts:
Australia                                       UK
Managing Director: Michael Povey                Executive Director: Peter Landau
[e-mail]                   [e-mail]
[phone]                                 [phone]

Media Contacts:
Australia                                       London
PPR                                             Conduit PR
David Tasker                                    Jonathan Charles
[e-mail]                            [e-mail]
[phone]                                 [phone]

Nomad:                                          Broker:
Australia                                       UK
RFC Corporate Finance Ltd                       Fox-Davies Capital
Stuart Laing                                    [phone]
[phone]

Forward-looking statements: This report contains statements about expected or
anticipated future events and financial results that are forward-looking in
nature and, as a result, are subject to certain risks and uncertainties, such
as political risk, general economic, market and business conditions, the
regulatory process and actions, technical issues, new legislation, competitive
and general economic factors and conditions, the uncertainties resulting from
potential delays or changes in plans, the occurrence of unexpected events and
management's capacity to execute and implement its future plans. Actual results
may differ materially from those projected by management.





                                  Appendix 5B                                  

                  Mining exploration entity quarterly report                   

Introduced 1/7/96. Origin: Appendix 8. Amended 1/7/97, 1/7/98, 30/9/2001.

Name of entity                                                           
RANGE RESOURCES LIMITED                                                  

ABN                                           Quarter ended ("current    
88 002 522 009                               quarter") 31 March 2008                 
                                                                         
                                             

Consolidated statement of cash flows

Cash flows related to operating             Current quarter       Year to date
activities                                                                    
                                                     $A'000             $A'000
                                                                              
1.1   Receipts from product sales and                                         
      related debtors                                                         
                                                                              
1.2   Payments for                                    
                                                                              
      (a) exploration and evaluation                  (902)            (2,561)          
                                                                              
      (b) development                                                         
                                                                              
      (c) production                                                          
                                                                              
      (d) administration                             (1,083)           (2,667)              
                                                                              
1.3   Dividends received                                                      
                                                                              
1.4   Interest and other items of a                      93                404
      similar nature received                                                 
                                                                              
1.5   Interest and other costs of                                             
      finance paid                                                            
                                                                              
1.6   Income taxes paid                                                       
                                                                              
1.7   Other                                               0                  5
                                                                              
      Net Operating Cash Flows                      (1,892)            (4,819)
                                                                              
      Cash flows related to investing                                         
      activities                                                              
                                                                              
1.8   Payment for purchases of:                           
                                                                              
      (a)prospects                                      
                                                                              
      (b)equity investments                               -            (1,500)                    
                                                                              
      (c) other fixed assets                            (9)               (58)                     
                                                                              
1.9   Proceeds from sale of:                                                  
                                                                              
      (a)prospects                                                            
                                                                              
      (b)equity investments                                                   
                                                                              
      (c)other fixed assets                                                   
                                                                              
1.10  Loans to other entities                       (1,127)            (1,142)
                                                                              
1.11  Loans repaid by other entities                      6                 12
                                                                              
1.12  Other (provide details if                     (1,963)           (18,662)
      material)                                                               
      Puntland Mineral & Hydrocarbon                                          
      Rights                                                                  
                                                                              
      Net investing cash flows                      (3,093)           (21,350)
                                                                              
1.13  Total operating and investing cash            (4,985)           (26,169)
      flows (carried forward)                                                 

1.13  Total operating and investing cash            (4,985)           (26,169)
      flows (brought forward)                                                
                                                                             
      Cash flows related to financing                                        
      activities                                                             
                                                                             
1.14  Proceeds from issues of shares,                   720             9,144
      options, etc.                                                          
                                                                             
1.15  Proceeds from sale of forfeited                                        
      shares                                                                 
                                                                             
1.16  Proceeds from borrowings                                               
                                                                             
1.17  Repayment of borrowings                                                
                                                                             
1.18  Dividends paid                                                         
                                                                             
1.19  Costs associated with issue of                   (83)             (431)
      shares (refer to note)                                                 
                                                                             
      Net financing cash flows                          637             8,713
                                                                             
      Net increase (decrease) in cash               (4,348)          (17,456)
      held                                                                   
                                                                             
1.20  Cash at beginning of quarter/year               9,788            22,896
      to date                                                                
                                                                             
1.21  Exchange rate adjustments to item                                      
      1.20                                                                   
                                                                             
1.22  Cash at end of quarter                          5,440             5,440



Payments to directors of the entity and associates of the directors
Payments to related entities of the entity and associates of the related
entities

                                                              Current quarter
                                                                             
                                                                       $A'000
                                                                             
1.23   Aggregate amount of payments to the parties                        494
       included in item 1.2 and 1.7                                          
                                                                             
1.24   Aggregate amount of loans to the parties included                  Nil
       in item 1.10                                                          
                                                                             
1.25   Explanation necessary for an understanding of the transactions        
                                                                             
       Payments of Directors Fees $210k                                      
       Payments for Financial/Company Secretarial/Office Support Services    
       $284k                                                                 
                                                                             

Non-cash financing and investing activities

2.1   Details of financing and investing transactions which have had a       
      material effect on consolidated assets and liabilities but did not     
      involve cash flows                                                     
                                                                             
      N/A                                                                    

2.2   Details of outlays made by other entities to establish or increase     
      their share in projects in which the reporting entity has an interest  
                                                                             
      N/A                                                                    

Financing facilities available
Add notes as necessary for an understanding of the position.

                                            Amount available        Amount used
                                                                               
                                                      $A'000             $A'000
                                                                               
3.1   Loan facilities                                      -                  -
                                                                               
3.2   Credit standby arrangements                          -                  -



Estimated cash outflows for next quarter

                                                                         $A'000
                                                                               
4.1   Exploration and evaluation                                          1,200
                                                                               
4.2   Development                                                             -
                                                                               
      Total                                                               1,200



Reconciliation of cash

Reconciliation of cash at the end   Current quarter  Previous quarter
of the quarter (as shown in the                                      
consolidated statement of cash               $A'000            $A'000
flows) to the related items in the                                   
accounts is as follows.                                              
                                                                     
5.1  Cash on hand and at bank                 1,396             2,042
                                                                     
5.2  Deposits at call                         4,044             7,746
                                                                     
5.3  Bank overdraft                               -                 -
                                                                     
5.4  Other - Term Deposit                         -                 -
                                                                     
     Total: cash at end of quarter            5,440             9,788            
     (item 1.22)                                                     



Changes in interests in mining tenements

                         Tenement    Nature of interest   Interest  Interest at
                         reference                        at        end of     
                                     (note (2))           beginning quarter    
                                                          of                   
                                                          quarter              
                                                                               
6.1  Interests in mining E70/2500    Indirect             60%       Nil        
     tenements                                                                 
     relinquished,                                                             
     reduced or lapsed                                                         
                                                                               
6.2  Interests in mining Nil                                                   
     tenements acquired                                                        
     or increased                                                              



Issued and quoted securities at end of current quarter
Description includes rate of interest and any redemption or conversion rights
together with prices and dates.

                    Total number     Number       Issue price  Amount paid up  
                                     quoted       per security per security    
                                                  (see note 3) (see note 3)    
                                                  (cents)      (cents)         
                                                                               
7.1   Preference +  Nil                                                        
      securities                                                               
      (description)                                                            
                                                                               
7.2   Changes                                                                  
      during                                                                   
      quarter                                                                  
                                                                               
      (a) Increases                                                            
      through                                                                  
      issues                                                                   
                                                                               
      (b) Decreases                                                            
      through                                                                  
      returns of                                                               
      capital,                                                                 
      buy-backs,                                                               
      redemptions                                                              
                                                                               
7.3   +Ordinary     194,304,024      194,304,024                               
      securities                                                               
                                                                               
7.4   Changes                                              
      during                                                                   
      quarter                                              
                                                                               
      (a) Increases Nil              Nil                                                           
      through                                                                  
      issues                                                                   
                                                                               
      (b) Decreases Nil              Nil                                                          
      through                                                                  
      returns of                                                               
      capital,                                                                 
      buy-backs                                                                
                                                                               
7.5   +Convertible  Nil                                                        
      debt                                                                     
      securities                                                               
      (description)                                                            
                                                                               
7.6   Changes                                                                  
      during                                                                   
      quarter                                                                  
                                                                               
      (a) Increases                                                            
      through                                                                  
      issues                                                                   
                                                                               
      (b) Decreases                                                            
      through                                                                  
      securities                                                               
      matured,                                                                 
      converted                                                                
                                                                               
7.7   Options                                   Exercise Price        Expiry Date
                                                                          
                                           
                    63,723,930                -          $1.00     1 October 2008            
                                                       
                    60,402,077       60,402,077 *        $1.00     1 October 2010            
                                                                   
                    2,952,029                 -          $0.50       30 June 2012            

                                                                               
7.8   Issued during 3,375            3,375               $1.00     1 October 2010
      quarter                                                                  
                    8,868,058                            $1.00     1 October 2008
                                                                               
7.9   Exercised     -                -                                         
      during                                                                   
      quarter                                                                  
                                                                               
7.10  Expired       Nil              Nil                                       
      during                                                                   
      quarter                                                                  
                                                                               
7.11  Debentures    Nil                                                        
      (totals only)                                                            
                                                                               
7.12  Unsecured     Nil                                                        
      notes(totals                                                             
      only)                                                                    
                                                                               
7.13  Partly Paid   1,250,000        Nil          60 cents     30 cents        
      Shares**                                                                 



Note: * During the quarter, 50,823,048 unlisted options were converted to
listed options.

** Application was made to the ASX to have 3,750,000 Partly Paid Shares quoted
on 27 December 2007. As at 31 March 2008 the shares had not been allotted by
the Company's share registry. $1.125m is being held in escrow pending
shareholder ratification regarding directors' exercise of partly paids.

Compliance statement

1 This statement has been prepared under accounting policies which comply with
accounting standards as defined in the Corporations Act or other standards
acceptable to ASX (see note 4).

2 This statement does give a true and fair view of the matters disclosed.


____________________

Peter Landau
Executive Director
30 April 2008



Notes

1 The quarterly report provides a basis for informing the market how the
entity's activities have been financed for the past quarter and the effect on
its cash position. An entity wanting to disclose additional information is
encouraged to do so, in a note or notes attached to this report.

2 The "Nature of interest" (items 6.1 and 6.2) includes options in respect of
interests in mining tenements acquired, exercised or lapsed during the
reporting period. If the entity is involved in a joint venture agreement and
there are conditions precedent which will change its percentage interest in a
mining tenement, it should disclose the change of percentage interest and
conditions precedent in the list required for items 6.1 and 6.2.

3 Issued and quoted securities The issue price and amount paid up is not
required in items 7.1 and 7.3 for fully paid securities.

4 The definitions in, and provisions of, AASB 1022: Accounting for Extractive
Industries and AASB 1026: Statement of Cash Flows apply to this report.

5 Accounting Standards ASX will accept, for example, the use of International
Accounting Standards for foreign entities. If the standards used do not address
a topic, the Australian standard on that topic (if any) must be complied with.

                                == == == == ==