Range Resources Limited

United States focused oil & gas producer AusTex Oil Limited (ASX:AOK) (OTCQX:ATXDY) is pleased to update shareholders on its continued well development program at the company's 100% owned 5,500 acre Snake River Project in Kay County, Oklahoma.

AusTex Oil Limited (ASX:AOK) (OTCQX:ATXDY) is pleased to announce an equity capital raising to raise up to A$12.5 million ("Offer") which will fund the appraisal and development of the Company's acreage in the light oil sweet spot of the Mississippi Lime Play.

Asian Activities Report for May 13, 2011 includes: Lithex Resources (ASX:LTX) has completed tenement acquisition and is to float on ASX on May 17; Austin Exploration Limited (ASX:AKK) has signed an agreement to purchase a further substantial oil and gas shale project in the USA; Gippsland Limited (ASX:GIP) has entered into various transactions in relation to the establishment of a spin-out company; Range Resources Limited (ASX:RRS) announced the signing of a letter of intent with a drilling subcontractor for Puntland exploration well.

Wall Street Friday climbed to a fresh 2009 high as analysts boosted their growth outlook for the US. The market was inspired after Barclay's Capital raised its forecast for the nation's GDP growth in first three months of next year to five per cent from three per cent. For the week, Dow index posted a gain of 215 points.