News: Red Fork recovers after US snow storms

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Red Fork Energy Limited (ASX:RFE) says it still expects to deliver a modest increase in production for December, despite the impact on its US operations as a result of severe winter storms.

 

Oil and gas production from the company’s Oklahoma operations was temporarily interrupted by two major ice storms.

 

Red Fork says freezing temperatures caused interruptions to electricity supplies resulting in some limited production on wells.

 

The company says its infrastructure sustained minimal damage and repair work has been completed.

 

Red Fork Energy booked a net loss of $5.48 million in fiscal 2013.