ABN 88 002 522 009
Level 3, 1 Havelock Street
West Perth, WA 6005
P +61 8 9488 5220
F +61 8 9324 2400
21 July 2010
Appendix 3B
Please see summary of Appendix 3B as announcement on the ASX
Securities to be issued
* 25,295,722 Ordinary Fully Paid Shares to be issued upon exercise of listed
options ($0.05, 31 December 2011)
* 20,000,000 Ordinary Fully Paid Shares and 20,000,000 listed options (RRSO)
($A0.05, 31 December 2011) which have been issued as the first tranche of
the Strait transaction that was approved at General Meeting 4 September
2009.
Please note that this initial first tranche of shares and options issued as
part of the Georgian transaction and have already been included in the totals
in Section 8 on the Appendix 3B and in previous appendix 3B's.
Following the issue of these securities the total number of securities on issue
are as follows:
1,097,315,704 Ordinary Fully Paid Shares
64,897,125 Listed Options (RRSOA) (A$1.00, 1 October 2010)
408,718,945 Listed Attaching Options (RRSO) ($A0.05, 31 December 2011)
18,845,645 Unlisted Options (A$0.05, 31 Mar 2015)
5,420,655 Unlisted Options (£0.04, 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)
For and on behalf of the Board
Regards
Peter Landau
Executive Director
Contacts
Range Resources
Peter Landau
Tel : +61 (8) 8 9488 5220
Em:
[email protected]
Australia London
PPR Conduit PR
David Tasker Jonathan Charles
Tel: +61 (8) 9388 0944 Tel: + 44 (0) 20 7429 6666
Em:
[email protected] Em:
[email protected]
RFC Corporate Finance (Nominated Advisor) Old Park Lane Capital (Broker)
Stuart Laing Michael Parnes
Tel: +61 (8) 9480 2500 Tel: +44 (0) 207 493 8188
Range Background
Range Resources is a dual listed (ASX: RRS; AIM: RRL) oil & gas exploration
company with oil & gas interests in the frontier state of Puntland, Somalia,
the Republic of Georgia and Texas, USA.
* Range holds a 25% interest in the initial Smith #1 well and 20% interest in
further wells on the North Chapman Ranch project, Texas. The project area
encompasses approximately 1,680 acres in one of the most prolific oil and
gas producing trends in the State of Texas. Drilling of the first well has
resulted in a commercial discovery with independently assessed gross
recoverable reserves in place of 215 Bcf of natural gas, 16 mmbbls of oil
and 15 mmbbls of natural gas liquids.
* Range holds a 13.56% interest in the East Texas Cotton Valley Prospect in
Red River County, Texas, USA, with the prospect's project area encompasses
approximately 1,570 acres encompassing a recent oil discovery.
Independently assessed gross recoverable reserves in place of 5.4 mmbbls of
oil.
* In Puntland, Range holds a 20% working interest in two licences
encompassing the highly prospective Dharoor and Nugaal valleys with plans
to drill two wells (TSXV:AOI) - 65% Operator, in 2010.
* In the Republic of Georgia, Range holds a 50% farm-in interest in onshore
blocks VIa and VIb, covering approx. 7,000sq.km. Currently, Range has
recently completed a 410km 2D seismic program.
The reserves estimate for the North Chapman Ranch Project and East Texas Cotton
Valley has been formulated by Lonquist & Co LLC who are Petroleum Consultants
based in the United States with offices in Houston and Austin. Lonquist
provides specific engineering services to the oil and gas exploration and
production industry, and consults on all aspects of petroleum geology and
engineering for both domestic and international projects and companies.
Lonquist & Co LLC have consented in writing to the reference to them in this
announcement and to the estimates of oil, natural gas and natural gas liquids
provided. These estimates were formulated in accordance with the guidelines of
the Society of Petroleum Engineers ("SPE"). The SPE Reserve definitions can be
found on the SPE website at spe.org as well as in the full Lonquist report on
the Range website.
END
