Range Recommences Frac Stimulation at North Chapman Proj.

Range announced that the fracture stimulation program has recommenced on the North Chapman Ranch project, with the arrival on site of leading fracture stimulation specialists - Frac Tech.

The largest zone (second from top) on the Russell Bevly well is currently being fracture stimulated with initial results looking promising. Once successfully completed, Frac Tech will move across to the Smith #1 well and frac the upper zone, which was perforated on March 18 and this zone currently flowing at more than 1.3 MMcfd.

Frac Tech will then move off site and look to return in the comings weeks to complete the fracture stimulation of any remaining zones in the Smith and Russell Bevly wells.

Consistent with past fracture stimulations performed within the region, this program is expected to add to the success of the lower two zone frac of the Russell Bevly well and further improve flow rates and recovery, which should significantly increase cashflow from the field.