Non-renounceable Rights Issue - Allotment of Se...

03 March 2010


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


Via e-lodgement

Dear Sir / Madam

Non-renounceable Rights Issue - Allotment of Securities

Range Resources Ltd (the "Company") advises that, in relation to its
non-renounceable rights issue a total of 164,842,029 Ordinary Fully Paid shares
have been allotted to shareholders who applied. This represents entitlement
shares taken up, shortfall shares taken up and circa 9m additional shares
allocated to partly accommodate the excess demand for shortfall shares.

Given the overwhelming level of applications for shortfall shares, the Company
scaled back allocations of the shortfall on the basis that the maximum number
of shortfall shares allocated to a shareholder was equal to half of the number
of entitlement shares that the shareholder had accepted.

By way of example:

Shareholder 1 who accepted 10,000 entitlement shares and applied for 10,000
shortfall shares would be allocated 100% of their entitlement shares and 5,000
of the shortfall shares applied for (being 50% of entitlement accepted), giving
a total of 15,000 shares being allotted.

Shareholder 2 who accepted 10,000 entitlement shares and applied for 4,000
shortfall shares would be allocated 100% of their entitlement shares and 4,000
shortfall shares as it is below 50% of their accepted entitlement, giving a
total of 14,000 shares being allotted.

Following the issue of these shares (and other share and option issues as set
out in the attached Appendix 3B), the Company has on issue a total of
787,246,463 ordinary shares. Full details are set in the Appendix 3B. As so far
as the Company is aware, the following shareholders currently hold over 3% of
the ordinary share capital of the Company:

Consort Private Ltd 30m shares (3.81%)

Mr David Scanlen 24m shares (3.05%)

A full list of the 20 shareholders following the rights issue is available on
the Company's website.


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 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
    having commenced in February 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 or   Ordinary Fully Paid Shares               
    to be issued                                                               
                                                                               
2   Number of +securities issued or   4,174,530 Ordinary Fully Paid Shares to  
    to be issued (if known) or        be issued Pursuant to the Company's      
    maximum number which may be       Non-renouncable Rights Issue             
    issued                                                                     
                                      9,072,167 Ordinary Fully Paid Shares to  
                                      be issued in a Placement to Sophisticated
                                      and Institutional Investors              
                                                                               
                                      1,288,272 Ordinary Fully Paid Shares to  
                                      be issued in lieu of consulting services 
                                                                               
                                      10,872,143 listed options (RRSO 5 cents, 
                                      31 Dec 2011) to be issued in lieu of     
                                      consulting services                      
                                                                               
                                      3,632,500 Ordinary Fully Paid Shares to  
                                      be issued on exercise of listed options  
                                      (RRSO 5 cents, 31 Dec 2011)              
                                                                               
                                      4,061 Ordinary Fully Paid Shares to be   
                                      issued on exercise of listed options     
                                      (RRSOA $1.00, 1 Oct 2010)                
                                                                               
                                      31,428,571 Ordinary Fully Paid Shares and
                                      1,428,571 listed options (RRSO 5 cents,  
                                      31 Dec 2011) on conversion of debt to    
                                      equity                                   
                                                                               
3   Principal terms of the            4,174,530 Ordinary Fully Paid Shares to  
    +securities (eg, if options,      be issued Pursuant to the Company's      
    exercise price and expiry date;   Non-renouncable Rights Issue             
    if partly paid +securities, the                                            
    amount outstanding and due dates  9,072,167 Ordinary Fully Paid Shares to  
    for payment; if +convertible      be issued in a Placement to Sophisticated
    securities, the conversion price  and Institutional Investors              
    and dates for conversion)                                                  
                                      1,288,272 Ordinary Fully Paid Shares to  
                                      be issued in lieu of consulting services 
                                                                               
                                      10,872,143 listed options (RRSO 5 cents, 
                                      31 Dec 2011) to be issued in lieu of     
                                      consulting services                      
                                                                               
                                      3,632,500 Ordinary Fully Paid Shares to  
                                      be issued on exercise of listed options  
                                      (RRSO 5 cents, 31 Dec 2011)              
                                                                               
                                      4,061 Ordinary Fully Paid Shares to be   
                                      issued on exercise of listed options     
                                      (RRSOA $1.00, 1 Oct 2010)                
                                                                               
                                      31,428,571 Ordinary Fully Paid Shares and
                                      1,428,571 listed options (RRSO 5 cents,  
                                      31 Dec 2011) on conversion of debt to    
                                      equity                                   

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  4,174,530 Additional Ordinary Fully       
                                Paid Shares to be issued Pursuant to      
                                the Company's Non-renouncable Rights      
                                Issue post prospectus despatch, at 5      
                                cents per share raising $208,726.         
                                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.                          
                                                                          
                                9,072,167 Ordinary Fully Paid Shares      
                                to be issued in a Placement to            
                                Sophisticated and Institutional           
                                Investors at 5 cents per share            
                                raising $453,608 to fund Puntland         
                                operations, Georgian operations and       
                                Texan operations, issue costs and         
                                working capital.                          
                                                                          
                                1,288,272 Ordinary Fully Paid Shares      
                                to be issued in lieu of consulting        
                                services                                  
                                                                          
                                10,872,143 listed options (RRSO 5         
                                cents, 31 Dec 2011) to be issued in       
                                lieu of consulting services               
                                                                          
                                3,632,500 Ordinary Fully Paid Shares      
                                to be issued on exercise of listed        
                                options (RRSO 5 cents, 31 Dec 2011)       
                                                                          
                                4,061 Ordinary Fully Paid Shares to       
                                be issued on exercise of listed           
                                options (RRSOA $1.00, 1 Oct 2010)         
                                                                          
                                31,428,571 Ordinary Fully Paid Shares     
                                and 1,428,571 listed options (RRSO 5      
                                cents, 31 Dec 2011) on conversion of      
                                debt to equity                            
                                                                          
6 Purpose of the issue          4,174,530 Additional Ordinary Fully       
                                Paid Shares to be issued Pursuant to      
  (If issued as consideration   the Company's Non-renouncable Rights      
  for the acquisition of        Issue post prospectus despatch, at 5      
  assets, clearly identify      cents per share raising $208,726.         
  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.                          
                                                                          
                                9,072,167 Ordinary Fully Paid Shares      
                                to be issued in a Placement to            
                                Sophisticated and Institutional           
                                Investors at 5 cents per share            
                                raising $453,608 to fund Puntland         
                                operations, Georgian operations and       
                                Texan operations, issue costs and         
                                working capital.                          
                                                                          
                                1,288,272 Ordinary Fully Paid Shares      
                                to be issued in lieu of consulting        
                                services                                  
                                                                          
                                10,872,143 listed options (RRSO 5         
                                cents, 31 Dec 2011) to be issued in       
                                lieu of consulting services               
                                                                          
                                3,632,500 Ordinary Fully Paid Shares      
                                to be issued on exercise of listed        
                                options (RRSO 5 cents, 31 Dec 2011)       
                                                                          
                                4,061 Ordinary Fully Paid Shares to       
                                be issued on exercise of listed           
                                options (RRSOA $1.00, 1 Oct 2010)         
                                                                          
                                31,428,571 Ordinary Fully Paid Shares     
                                and 1,428,571 listed options (RRSO 5      
                                cents, 31 Dec 2011) on conversion of      
                                debt to equity                            
                                                                          
7 Dates of entering +securities  3 March 2010                             
  into uncertificated holdings                                            
  or despatch of certificates                                             
                                                                          

                                  Number            +Class                       
                                                                               
8     Number and +class of all    787,576,758 *     Ordinary fully paid shares (RRS)  
      +securities quoted on ASX                                           
      (including the securities   64,897,125        Listed Options (RRSOA)                                 
      in clause 2 if                                (A$1.00, 1 October 2010)     
      applicable)                         
                                  349,173,319 *     Listed Attaching Options                              
                                                    (RRSO) ($A0.05, 31 December 2011)     
                                                  
                                                                          

* 70m ordinary fully paid shares and 70m listed options RRSO (5 cents, 31
December 2011) still to be issued upon milestones in respect to the Georgian
acquisition .

                                  Number            +Class                       
                                                                               
9     Number and +class of all    3,177,029         Unlisted Options (A$0.50, 30 June 2012) 
      +securities not 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          N/A                              
     required?                                                             
                                                                           
12   Is the issue renounceable or         N/A                              
     non-renounceable?                                                     
                                                                           
13   Ratio in which the +securities will  N/A                              
     be offered                                                            
                                                                           
14   +Class of +securities to which the   N/A                              
     offer relates                                                         
                                                                           
15   +Record date to determine            N/A                              
     entitlements                                                          
                                                                           
16   Will holdings on different registers N/A                              
     (or subregisters) be aggregated for                                   
     calculating entitlements?                                             
                                                                           
17   Policy for deciding entitlements in  N/A                              
     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          N/A                              
     acceptances or renunciations                                          
                                                                           
20   Names of any underwriters            N/A                              
                                                                           
21   Amount of any underwriting fee or    N/A                              
     commission                                                            
                                                                           
22   Names of any brokers to the issue    N/A                              
                                                                           
23   Fee or commission payable to the     N/A                              
     broker to the issue                                                   
                                                                           
24   Amount of any handling fee payable   N/A                              
     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 form N/A                              
     and prospectus or Product Disclosure                                  
     Statement will be sent to persons                                     
     entitled                                                              

27   If the entity has issued options,    N/A                              
     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 (if   N/A                              
     applicable)                                                           
                                                                           
29   Date rights trading will end (if     N/A                              
     applicable)                                                           
                                                                           
30   How do +security holders sell their  N/A                              
     entitlements in full through a                                        
     broker?                                                               
                                                                           
31   How do +security holders sell part   N/A                              
     of their entitlements through a                                       
     broker and accept for the balance?                                    
                                                                           
32   How do +security holders dispose of  N/A                              
     their entitlements (except by sale                                    
     through a broker)?                                                    
                                                                           
33   +Despatch date                       N/A                              

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: 3 March 2010

Print name: Jane Flegg - Company Secretary