11th Feb 2011 07:00
Range Resources Ltd ABN 88 002 522 009 www.rangeresources.com.au11 February 2011ASX PRICE QUERY
Range Resources Ltd ("Range" or the "Company") received a query from the Australian Securities Exchange ("ASX") today in relation to the recent increase in the Company's share price. The Company's response to the ASX was as follows:
I refer to your letter dated 11 February 2011 in relation to the recent change in price of the Company's securities and respond as follows in line with the number of your letter.
1. The Company is not aware of any information concerning it, that has not been announced and which, if known, could be an explanation for recent trading in the securities of the Company;
2. Not applicable;
3. Range recently announced the commencement of fraccing operations on its Russel Bevly well in Texas and the successful results of its helium survey on its drilling targets in Georgia. Since the release of those announcements the share price has increased significantly (with volume) on its AIM traded shares (with ASX following). In particular, on Thursday (10 February), there was a significant increase in the Company's share price on the London AIM market which would explain the increase in the share price on ASX today.
4. The Company confirms that it is in compliance with the ASX Listing Rules.
For and on behalf of the Board
RegardsPeter LandauExecutive DirectorContactsRange ResourcesPeter LandauTel : +61 (8) 8 9488 5220Em: [email protected] LondonPPR Travistock CommunicationsDavid Tasker Jonathan CharlesTel: +61 (8) 9388 0944 Tel: + 44 (0) 207 920 3150Em: [email protected] Em: [email protected] Corporate Finance Old Park Lane Capital (Nominated Advisor) (Broker)Stuart Laing Forbes CutlerTel: +61 (8) 9480 2500 Tel: +44 (0) 207 493 8188
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