Range Resources Limited provides the following operational update for the period ending 31 December 2010.

Highlights:

North Chapman Ranch, Texas, USA Production for the quarter was 53k mcf and 2,588 barrels net to Range. This production has come from just the middle of three zones on the Smith #1 Well and only an 11ft perforation on the bottom of four zones for the Russell Bevly Well, with both wells flowing under natural pressure.

Georgia During the quarter, the Company received the results from the report entitled Seismic Interpretation, Field Mapping and Evaluation of Prospective Hydrocarbon Volumes across the Company's two Georgian blocks (Block VIa and Block VIb) completed by leading International Oil and Gas Seismic Consultancy firm RPS Energy ('RPS'). Of the 68 identified prospective targets across the two blocks, 6 structures have been prioritised as being ready for drilling. Of these 6 structures, total gross unrisked oil-in-place has been estimated at 728 million barrels.

Puntland Subsequent to quarter-end Range, together with its joint venture partners, Africa Oil Corp. and Lion Energy Corp., entered into amending agreements with the Government of Puntland, in respect of the production sharing agreements ("PSAs") for the Dharoor Valley Exploration Area and the Nugaal Valley Exploration Area.

Trinidad Subsequent to quarter-end, fellow Australian Listed Entity, Monitor Energy Limited ('Monitor') (ASX: MHL), announced that it had entered into a mandate with major UK based broker and Investment Bank, Renaissance Capital to raise A$90m, with marketing of the offer being undertaken throughout North America and Europe.

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