Range Resources Ltd., West Perth, Australia, (London Aim: RRL) has acquired an additional 8.1875% working interest in its East Texas Cotton Valley project from an undisclosed seller for a total of $148,000.

Range acquired the deal in lease acquisitions and also paid on overriding royalty interest retained by the seller.

Range's participating interest in the shallow oil project now totals 21.75%. Range and its partners are preparing to spud the Ross 3H horizontal appraisal well in the coming weeks. This is the company's first well in the project area.

Range managing ...