On 12 May 2010, Range announced the spudding of the Russell‐Bevly Unit #1 appraisal well, the second well in the North Chapman Ranch Field project.

The projected total depth of the well is 14,000 ft. (4,260m), and located approximately 1,900 ft. (570m) north‐northwest of Smith #1.

The well is expected to add reserves and production while helping to delineate the overall size of the reservoir. Range holds a 20% working interest in the well, which has an estimated dry hole cost of $US3.8m (Range’s share of US$760,000 has been paid upfront).

 Multi-well program