🕐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
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