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MENAFN - ProactiveInvestors - Australia - 21/11/2012

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(MENAFN - ProactiveInvestors - Australia) Red Fork Energy (ASX: RFE) has brought an additional two horizontal Mississippi Lime producing wells in Oklahoma online as it continues to develop its acreage.

The company now has six horizontal wells producing to sales through permanent production wells with another 15 wells across four development areas at various stages from producing, completing, awaiting completion and drilling.

This includes stimulation underway or set to commence on two additional horizontal producers.

Its Bunch 1-19H well is currently producing 184 barrels of oil equivalent per day (74% oil and 26% wet gas) while the McMurtry 1-22H well is producing at an average rate of 232boe/d (79% oil).

Production testing has just started on the State 1-16H well.

 






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