Progress ReportMcMurtry #1-22H WellNoble County,...

Progress Report
McMurtry #1-22H Well
Noble County, Oklahoma
Oklahoma based (Australian Securities Exchange listed) oil and gas exploration and production company, Red Fork Energy Limited (“Red Fork” or the “Company”) is pleased to advise that intermediate casing has now been run and cemented in the McMurtry 1-22H well in Development Area 2 (Noble County, Oklahoma).
Wire-line logging of the vertical section through to the casing point has also been completed. Importantly, mud logs and analysis of samples highlighted a very good show of oil in the upper part of the Mississippi Lime formation as the well bore cut this section when making the turn for the lateral.
Preparations are now underway to commence drilling of the lateral section.
This Red Fork operated well will be drilled to a targeted measured depth of approximately 9,377 feet, with an estimated 4,568 feet of lateral drilled in the Mississippi Lime formation.
The Company will provide further updates as drilling operations progress.
Yours faithfully
David Prentice
Managing Director
ASX Announcement
May 9, 2012