🕐10.12.09 - 00:51 Uhr

Red Fork: New Discovery at West Tulsa



Redfork ASX Announcement 10 December 2009
New Discovery at West Tulsa * Initial test results identify new productive zone at Pawnee at the West Tulsa project * Encouraging results from a zone within the Simpson Series Sands * Good shows of high BTU gas and some associated oil production * Opportunity to boost reserves and production atWest Tulsa * West Tulsa oil and gas production set to increase as two new wells are brought on line US-focused oil and gas exploration and production company Red Fork Energy Limited ("Red Fork" or "the Company") is pleased to announce successful initial production test results from a new zone at the Pawnee Prospect at West Tulsa. Testing of a zone within the Simpson Series Sands in the Rosier #2-27 well has delivered some encouraging results.

Initial tests have delivered good shows of very high quality gas in the 1200/1300 BTU range with some associated oil production, with good bottom hole pressure and a high gas to oil ratio.

The zone was fracture stimulated and produced through perforations via a submersible pump.

Production testing is ongoing. This new zone is below the Red Fork Sand (where the Company has already established oil and gas production and significant 2P reserves). Red Fork is encouraged by the discovery of this new zone at Pawnee.

The results of this initial test in this well will continue to be evaluated and the Company expects that commercial production will be established in this zone withinthe field, adding significantly to the projects reserves and production profile. With initial work on this zone in this well finished, the focus will now return to establishing production in the Red Fork sand zone in wells already drilled that are not yet in production.

The Red Fork sand zone has been logged in this well (the Rosier #2-27 well) and the Fuss #3-33 well and both of these wells will now be completed in the Red Fork sand and brought on line. Commenting on this announcement, Red Fork Managing Director David Prentice said "We are very pleased to have added to the reserve potential and productive capacity of West Tulsa with this new discovery. "We now have a total of five production wells at West Tulsa supported by extensive permanent production facilities and drilling is about to recommence. "The discovery of this new zone is a further boost to what is already a very exciting project for Red Fork."
Click here to view the ASX announcement http://esp.gewru.com/download/files/12414/1026741/New%20Discovery%20at%20West%20Tulsa.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 This message has been sent to you as a subscriber of the PPR mail service. If you no longer wish to be a part of the service, please email with the word "REMOVE" in the Subject line.
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