🕐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 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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