🕐26.10.09 - 02:20 Uhr
Red Fork to deploy two drilling rigs as East Oklahoma drilling and development continues
26 September 2009
Red Fork to deploy two drilling rigs as East Oklahoma
drilling and development continues
US-focused oil and gas exploration and production company Red Fork Energy
Limited ("Red Fork" or "the Company") is pleased to announce that drilling
and development activity is progressing at East Oklahoma with the
deployment of two drilling rigs.
These rigs will operate simultaneously at both of the Companys current
projects in East Oklahoma.
East Oklahoma -- Mayes County
The continuation of our initial drilling program will see five new wells
staked, locations built or under construction, and a drilling rig is
expected to be moved on site this week.
The Company remains on track to
have ten wells drilled and completed by the end of the December 2009
quarter.
In addition, construction of our pipeline infrastructure (gas gathering and
water disposal) connecting these wells to sales has commenced and is also
expected to be completed by the end of December 2009 quarter.
East Oklahoma -- Northern Joint Venture
At the Companys joint venture in the northern portion of the East Oklahoma
discovery area, drilling of an initial ten well program is also set to
commence.
Red Fork has three wells staked, locations have been built and the Company
expects to move a second drilling rig on site within 10 days
.
The Company also expects to have these wells drilled,completed and tested
by the end of December 2009 quarter.
Click here for full announcement
http://esp.gewru.com/download/files/12414/969632/20091026%20-%20ASX%20Announcement%20-%20Two%20Drilling%20Rigs%20to%20be%20Deployed%20a.pdf
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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