.

nas - good selection - only 1 problem with gkp - its location very volatile
gl

Well, it came to pass on Friday I sold all my remaining RRL and AST, half put back into RKH and the other half waiting to see if any cheaper prices on RKH to stick it in there.

Good luck to everyone in RRL, lots of news ahead !

prose - good on you - i hope you did very well & cheers

rkh if i can get in low enough monday i definitely will - friday close or less would suit me nicely - i can see rkh bouncing monday - that rns for rkh although not great i think was not all bad - left some comments on rkh board

have a good week

I think pro done the right thing as he got in early on and sold at maybe the right time.

God luck to all that hold, watching if it drops as one to watch this year.

Oh dear, where are these going to today? What happened to the 25p soon?

Even the directors were unable to explain the steep rise in the sp! Lots of profit taking I assume and poeple moving on.

Hey Ho! not best good was that today, if anyone is still in besides myself lets hope that most of the profit taking has been done ha! Still quite a few largish buys though. Cold feet are definitely setting in here with me don't know about others feelings!!!!!!!!!

3ms - well change of plan here today and topped up - i'm gonna hang around rrl again as there is a stream of news expected - hope it dont fly lower tomorrow but not concerned if so - i got me some rkh today at good sp expecting a bounce but it was flat so have to wait there - started to bounce then fizzled out i think val may have added to that - and if you are thinking of val dont get locked in - it is a good little share with niche products if prepared to wait - val may well spike again like sar tomorrow and probably will, but you know what can happen so be wary & gl

Thanks Gibby, I was wondering if everyone was out of RRL but so be it not, I shall hang around as well then, I am paddling around like a duck underneath haha!! Not going down the Val road as yet, no funds after my stupid buying of the unmentionable Sar ssshhhhh. Lets see what tomorrow brings but nice one for all those who had Val before today.

I am still holding.

I'm in and topped up as I said.,.

Good on you, I have just noticed that there were some very big buys which only came up after they closed, bought prior to closing, so that may be a good sign somewhat, here's hoping.

You weren't suppose to do that 3m it'll dive tomorrow for sure.........;>))

I take it you think I have bought some before closing NO No no!!!!!!!!!! I meant other people were buying so we are in with a chance cause I have not topped up.

why are you all grizzling? ... surely you're all still well in the money even after today's modest decline?

no complaints from me cynners - i was originally in rrl sub 4p - great share rrl, puntland, east europe, trini, and substantially derisked by texas - to me this is a mini gkp - and if politics dont get sorted for gkp may well surpass gkp - but probably not - i like gkp too - once my largest holding but not too keen on the location thats all - gl

in fact whatever happens at gkp i would expect to make more from rrl this year simply because of rrl & gkp sps at this moment in time - much easier for rrl to multibag from todays sp imo

I never moan just heave a sigh of relief.......

15 February 2011

The Manager

Company Announcements

Australian Securities Exchange Limited

Level 6, 20 Bridge Street

Sydney NSW 2000

By e-lodgement

COMMENCEMENT OF TEXAS FRACTURE STIMULATION PROGRAM

Further to last week's announcements, Range Resources Limited ("Range" or "the
Company") is pleased to announce that the fracture stimulation program of the
Russell-Bevly #1 well commenced on Sunday, February 13th, as equipment was
moved in and set up at the well site, with the initial stage of the multi-stage
stimulation program beginning early this week. Consistent with past fracture
stimulations performed within the region, the Russell-Bevly #1 program is
expected to yield greatly improved flow rates and recovery, which should
significantly increase cash flow from the field.

The Company also confirms that the Ross 3H horizontal well in Texas (East
Cotton Valley) is expected to spud later this month.

As per Range's announcement on 27 January 2011, the Company has drawn down GBP
3,000,000 of its GBP20,000,000 facility.

Range also announces the issue of the following securities:

* 22,145,815 Ordinary Fully Paid Shares being issued upon exercise of listed
options (A$0.05, 31 December 2011);

* 38,022,814 Ordinary Fully Paid Shares being issued at 7.89p per share upon
the drawdown of its equity line of credit facility over past two weeks (27
Jan - 10 Feb) (as above); and

* 4,250,000 Ordinary Fully Paid Shares being issued as part of technical
consulting arrangements for the Texas projects.

Range will apply for admission of the new shares to trading on both the ASX and
AIM markets, with an expected admission date on AIM of 22 February 2011.

Following the issue of these securities the total number of securities on issue
are as follows:

1,327,461,176 Ordinary Fully Paid Shares (RRS)

255,806,147 Listed Options (RRSO) (A$0.05, 31 December 2011)

3,934,511 Unlisted Options (A$0.05, 31 Mar 2015)

5,420,655 Unlisted Options (GBP0.04, 30 June 2015)

60,000,000 Unlisted Directors Options (A$0.10, 31 Dec 2011)

3,177,029 Unlisted Options (A$0.50, 30 June 2012)

More good news...took a few profits like everybody else....but I don't think that you can keep this one down....only a matter of time before we are into the twenties with this....