great update

Mississippian Operations
Progress Report
Oklahoma based (Australian Securities Exchange and OTCQX
listed) oil and gas exploration and production company, Red
Fork Energy Limited (“Red Fork” or the “Company”) is pleased
to provide the following update on operations. The Company
currently has three rigs active in the Mississippian play with 14
wells across four development areas at various stages from
producing, completing, awaiting completion and drilling. A
fourth rig is scheduled to commence operations in the first
quarter of 2013.
Highlights
? Four horizontal wells now successfully producing to sales
through permanent production facilities
? Last three wells have achieved 30-day average production
rates at or above the LKA type well
? Three new horizontal wells successfully completed for
production and stimulated during October
? Two more horizontal wells expected to be completed for
production and stimulated during November
? Three rigs operating with two new horizontal wells drilling
ahead and a third well set to spud
? 3D Seismic coverage reaches 99 square miles
Development Area 2
Bunch #1-19H
Production testing has begun on this well and early results are
encouraging. There have been good shows of both oil and gas
with over 3,600 feet of fluid still above the pump. Sales will
begin immediately.
Jardine #1-26H
This well is currently drilling ahead in the curve at a measured
depth of 5,155 feet and is expected to reach a target depth of
10,019 feet. We are using the same bottom-hole assembly that
was used to obtain our fastest well to date; taking that into consideration and the type of geology we are expecting to encounter during drilling we anticipate another spud to landing of around 25 days.

McMurtry #1-22H
The reservoir stimulation has been completed and the isolation plugs have been drilled out.
All completion work was performed on schedule with no operational issues. The submersible
pump has now been installed and the well is testing into permanent production facilities.
There were a total of 14 sets of perforations with the first being set at a measured depth of
9,198 feet and the top perforation set at 5,452 feet.
State #1-16H
Reservoir stimulation has been completed with good results. This well is currently flowing to
test facilities. This is the third well to undergo reservoir stimulation in the month of October.
Equipment is currently moving to location to drill out the isolation plugs. The well is expected
to be on production in approximately 7 days.
State #1-13H
Reservoir stimulation operations are scheduled to commence this week.
Tasman #1-15H
This well is producing to sales via the Companies permanent production facilities. As
outlined in previous updates this is the first well where Red Fork has applied a more
conservative flow back profile utilizing a smaller submersible pump to flatten the initial
decline and produce a higher Estimated Ultimate Recovery. Results have been encouraging
with the well achieving a peak rate of 250 barrels of oil equivalent (“Boe”) and the well is on
track to achieve a 30-day average rate of 180 Boe/day.
Warburton #1-23H
Drilling operations have been completed with the well successfully reaching a total vertical
depth of 4,704 feet and a target depth of 9,568 feet. Continuous oil and gas shows were
experienced throughout the lateral section. Reservoir stimulation is expected to commence
in late November.
Development Area 3
Hartog #1-10H
Drilling operations have begun and this well is currently drilling ahead in the curve at a
measured depth of 4,818 feet, expected target depth is 9,377 feet. This is the second well
drilled on this pad site and only the second to be drilled in this development area.
Mawson #1-3H
This well has reached target depth of 9,581 feet. Reservoir stimulation is scheduled to begin
in December. The Company is excited about the productive potential of this new area given
the extensive oil shows throughout the lateral section and the fact that the well flowed oil and
gas during casing operations.
www.redforkenergy.com.au
Development Area 4
EastOK-Holland #1-21 SWD
We are currently drilling ahead in the Arbuckle formation at 5,865 feet. Target depth is
expected to be reached in the next 12 hours. Once drilling operations are complete the rig
will skid and begin drilling the first horizontal producer in this development area, the Forrest
#1-21H.
Seismic Update
Last week seismic crews completed recording Red Fork’s 48 square mile Big River 3D
Phase 5 seismic shoot. Processing and interpretation are expected to be complete by mid-
November. When combined with the 51 square miles already completed, Red Fork will have
seismic coverage over 99 square miles. Permitting is under way on an additional three
smaller shoots with a combined coverage of an additional 18 square miles, some of which
will be completed by year’s end.
Yours faithfully,
David Prentice
Managing Director
www.redforkenergy.com.au
The following table details the status of wells across the Company’s Big River Mississippian
development areas to date.
Well Name RFE WI 1 Status Peak Rate
(Boe/d) 2
30-Day
(Boe/d)
Development
Area
Tahara #1-28H 100.0% Producing 283 139 1
Abunda #1-21H 100.0% Testing3 N/A N/A 1
McMurtry #1-21H 62.2% Producing 712 445 2
Blair #1-24H 92.7% Producing 400 2734 2
Tasman #1-15H 92.0% Producing 250 180 2
Bunch #1-19H 94.9% Unloading 2
McMurtry #1-22H 59.2% Unloading 2
State #1-16H 62.0% Cleaning up 2
State #1-13H 50.0% Awaiting completion 2
Warburton #1-23H 61.5% Awaiting completion 2
Mawson #1-3H 100.0% Awaiting completion 3
Jardine #1-26H 40.9% Drilling 2
Hartog #1-10H 93.7% Drilling 3
Forrest #1-21H Set to spud 4
Rio Grande #1-28H 4
Notes:
1. Red Forks Working Interest
2. The equivalent barrels production rate has been calculated on a simple 6:1 ratio
3. Well is still testing
4. 21-day average rate