Range is pleased to advise that the second development well of the 22 well programme, the GY 180SE well spudded on 4 November 2015 and is drilling ahead to a total depth of 2,000 ft. (not 1,820 ft. as previously planned). It is expected to take approximately 21 days to reach target depth.

The GY 180SE well is the first development well to be drilled by the Company on its Beach Marcelle field and will test multiple Middle Gros Morne horizons. Additionally, the well will test a sand unit below one Middle Gros Morne section referred to above. This sand has only been penetrated by two wells in the past. Success in testing this horizon will strongly influence future drilling within this fault block.

The drilling services are being provided by Range Resources Drilling Services Limited ('RRDSL'), a wholly owned subsidiary of LandOcean Energy Services Co., Ltd. The well is being drilled using rig 2

Tags: Range Resources Limited