RFE 0.00% 0.0¢ series 2018-1 reds trust

Ann: Second Drilling Rig Deployed at West Tulsa , page-2

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  1. 871 Posts.
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    re: Ann: Second Drilling Rig Deployed at West... Second Drilling Rig Deployed as
    West Tulsa 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 the next well in the development of
    the Company’s 100% owned and operated West Tulsa
    project has spudded. The Rosier #2-27 well was spudded at
    12.15am (Central United States time) on July 18, 2009.
    This well will be drilled to approximately 4,000 feet with the
    primary target the Wilcox Sand formation. All other potential
    hydrocarbon bearing zones will be sampled and logged prior
    to production testing.
    This is the fifth well to be drilled by the Company at West
    Tulsa (four production wells and one water disposal well) and
    follows the recently announced very successful production
    results from this project.
    As previously announced, Red Fork has identified the
    opportunity to establish up to 20 wells in this part of the West
    Tulsa project. Further development of West Tulsa is expected
    to be funded from existing working capital and ongoing
    production revenue.
    Importantly, the Company has already established extensive
    permanent production facilities to service this part of the West
    Tulsa project, including tank batteries, separation equipment
    and gathering infrastructure.
    Yours faithfully
    David Prentice
 
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