RFE: ASX ANNOUNCEMENT

18 March 2010

Initial Production of 61 BOPD from Fuss #3-33 Well at Pawnee

US-focused oil and gas exploration and production company Red Fork Energy
Limited ("Red Fork" or the "Company") is very pleased to announce that
recent completion operations on the Fuss #3-33 well at the 100% owned and
operated Pawnee Prospect (West Tulsa) has tested 61 barrels of 37 gravity
oil, 50,000 cubic feet of high BTU gas, with 840 barrels of load and
formation water in 24 hours.

This initial production volume is directed to existing gathering and
storage facilities with sales beginning immediately on both oil and gas.

The initial production rate of 61BOPD and 50MCFGD in this well confirms and
extends the productive capability of the Red Fork Sand at the Pawnee
Prospect.

The Fuss #3-33 well is being produced thru perforations from a depth of
approximately 3,600 feet via a submersible pump at the rate of 900 barrels
of fluid per day.

Commenting on this announcement, Red Fork Managing Director David Prentice
said "this is another great result for the ongoing development of the
Pawnee Prospect at West Tulsa.

"We now have a total of five wells in production at Pawnee, four wells
producing oil and associated gas and one well producing gas only.

"Once this latest completion stabilizes, we expect sustained total daily
production from Pawnee to reach at least 150 barrels of oil per day and
approximately 250,000 cubic feet of gas per day.

"The Pawnee prospect is now contributing very solid sustained revenue and
we have a further two wells in this initial pod of seven still to bring on
line".


Click here for full
announcement:http://esp.gewru.com/download/files/12414/1087991/20100219%20-%20Rosier%20_2-27%20Delivers%20Initial%20Production%20of%20124BOPD.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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