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MENAFN - ProactiveInvestors - Australia - 24/01/2013

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(MENAFN - ProactiveInvestors - Australia) Red Fork Energy (ASX: RFE) has received further encouragement in its Mississippi Lime play in Oklahoma with production at the McMurtry 1-22H well reaching a higher peak rate.

McMurtry 1-22H in Development Area 2 has hit a peak production rate of 455 barrels of oil equivalent per day with average daily production over the last seven days of 365boe (60% crude oil), about 100 boe per day.

Other wells are also contributing to production with the State 1-13H and Warburton wells undergoing production testing.

The wells are currently producing at 80boe and 168boe per day respectively. This could increase further as there is still a large amount of fluid over the pump.

Reservoir stimulation operations have also been completed at the Jardine 1-26H well and it is currently cleaning up in preparation for the installation of the electric submersible pump.

 






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