🕐02.12.09 - 01:59 Uhr
East Oklahoma North Drilling Continues
Redfork ASX Announcement
2 December 2009
East Oklahoma North Drilling Continues
* Wattenbarger #1-22 Well successfully reaches target depth of 485 feet
* Open hole logs show approximately 52 feet of productive shale in this
well
* Show of gas across entire section with excellent log characteristics
US-focused oil and gas exploration and production company Red Fork Energy
Limited ("Red Fork" or "the Company") is pleased to announce that the
Wattenbarger #1-22 Well reached target depth of 485 feet on 27 November
2009.
Again, open hole logs confirmed the presence of the target Woodford Shale
at the depth predicted by our internal modeling.
The shale was encountered
at 385 feet and was logged to be approximately 52 feet thick.
Gas was
visible in samples from the entire 52 foot section with strong odor to
surface.
The drilling rig is currently undergoing minor scheduled maintenance and
drilling is expected to re-commence later this week.
Click here to view the ASX announcement
http://esp.gewru.com/download/files/12414/1015841/East%20Oklahoma%20North%20Drilling%20Continues.pdf
About Red Fork Energy Limited
Red Fork Energy Limited is an Australian publicly listed company developing
oil and gas assets in Oklahoma, United States.
The Company currently owns
and operates three projects, East Oklahoma (~110,000 acres), West Tulsa
(~15,000 acres) and Osage (~5,000 acres).
These assets provide proven
producing oil and gas fields as well as highly prospective exploration
acreage for future growth.
Red Fork is well advanced in achieving its goal
of becoming an independent exploration and production company through the
commercialization of the coal bed methane, shale gas and conventional oil
and gas resources located within its landholdings.
For further information please contact:
David Prentice
Managing Director
+61 (08) 9200 4470
www.redforkenergy.com.au
Red Fork Energy Limited ACN 108 787 720
Level 2, 79 Hay Street Subiaco Western Australia 6008
PO Box 1424 West Perth WA 6872
Telephone +61 8 9200 4470 Facsimile +61 8 9200 4471
www.redforkenergy.com.au
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