Range, Partners Prep for HZ Drilling Ops at Cotton Valley Proj.

Range and its partners have drilled the Cotton Valley objective section to a depth of around 5,500 ft (1,680m) in its Ross 3H #1 Well at the East Texas Cotton Valley Project. The partners will now cease drilling in order to log the well before plugging back and initiating horizontal drilling operations. Mud logging results have been encouraging thus far, with oil shows over an interval more than 400 ft. thick, including oil in the mud pits while drilling.

The well has a projected total hole length of 8,200ft (2,500m), including a 2,500ft (762m) horizontal section through the Cotton Valley oil reservoir.