Range Updates on Tx. Ops

Range Resources updated on the Russell Bevly #1 appraisal well as part of the North Chapman Ranch Joint Venture's multi-well program in Texas.

Drilling has slightly exceeded target depth to 14,222' (4,336m), with mud logs during drilling reporting the presence of hydrocarbons. Open hole well logs will commence shortly to determine the extent of the hydrocarbons present with results to be reported once completed and become available.

Smith #1 Well Update

The artificial fracture stimulation of the Smith #1 well has been completed with the operator now slowly opening the choke diameter to ensure the performance of the well is optimised following the successful stimulation of the well.