Range Resources Provides Guatemala update
Thursday, Jan 09, 2014

Range Resources Limited ("Range" or "the Company") would like to draw attention to the announcement released today by Citation Resources Limited (ASX: CTR) with respect to the Company’s interest in Guatemala with the following highlights:

* The Harold Lee 500 rig now set up on the Atzam #5 drill pad, following the recent completion of location site works

* The rig’s drilling mast is set in place, with auxiliary equipment now being connected to the rig to enable commencement of drilling operations

* The rig is expected to be drilling ahead towards the initial reservoir targets in 3-4 days

* Drilling schedule for Atzam #5 is 40 days to total depth target of 4,100 feet

* Primary reservoir targets are the C17, C18 and C19 carbonate sections

* Atzam #5 well to target the same carbonate reservoir targets as the Atzam #4 production well - 2.3m barrels of 2P reserves which excludes the C18 and C19 carbonate sections in Atzam #4

* Atzam #4 continues to be produced on a highly restricted choke (12/64 inch) to manage the reservoir integrity, still with no water production to date

* Significant exploration potential on Atzam Oil Field - unexplored salt dome and anticline structures to be evaluated and tested through 2014Range has a direct and indirect 32% interest in the Guatemalan Project.

Further details are contained in the Citation Resources announcement, which can be accessed at:

http://www.citation.net.au/media/articles/ASX Announcements/20140108-Atzam-5---Rig-Set-Up-OnLocation--259/CTR-14-Atzam-5-Rig-Set-Up-On-Location.pdf

Source: Range Resources Limited

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