Range Resources Limited has finalised all documentation for the US$30M sale of the Company's Texan assets.

Pursuant to the sale agreements, and in line with previous disclosures, the purchaser has agreed to pay US$25M at closing, being on or before 30 August 2013, plus up to a further $US5M in royalty payments from future production.

The purchaser has paid a US$1M non-refundable deposit to Range in recognition of the previous delays in completing the transaction.

Peter Landau, Executive Director, commented,"The finalisation of the documentation for the sale of the Texan asset is a significant milestone and will significantly strengthen Range's balance sheet and allow the Company to redeploy proceeds into our highly prospective international assets, including Colombia and the recently announced farm-in with Niko Resources in Trinidad. In addition to the proceeds from the sale, we are also in the final stages of completing the reserve based lending facility for Trinidad, which will leave the Company well positioned for significant operational growth."

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