RFE 0.00% 0.0¢ series 2018-1 reds trust

re: ann out. more good news

  1. 965 Posts.
    LOGS CONFIRM FURTHER DISCOVERIES
    The Directors of Redfork Energy Limited (“Redfork or the Company”) are pleased to
    announce that analysis of the full suite of logs run on the Redfork #1-28 Well have
    highlighted several hydrocarbon bearing formations in the well bore, including all of the coals
    known to occur within the Company's acreage, as well as two new zones (the Redfork Sand
    formation and the Woodford Shale).
    The logs have confirmed the thickness and production potential of the known coals (including
    approximately four (4) feet of the Weir-Pitt coal, a significant gas producer in this area).
    This well also intersected two new productive formations (the Redfork Sand and the
    Woodford Shale). The Redfork Sand formation is approximately 28 feet thick and was
    characterized by good shows of oil and the deeper Woodford Shale (also, approximately 28
    feet thick) produced a good show of gas. Both zones are expected to be productive.
    The Company is currently assessing completion and development alternatives, including a
    proposal to complete the Redfork #1-28 Well as a disposal well and produce the Redfork
    Sand and possibly the Woodford shale from a shallower (less expensive) twin well.
    This will enable the conversion of the nearby CC #4AEast Well from a Salt Water Disposal
    well to an Arbuckle oil producer. This proposed development plan is likely to deliver several
    new well locations within this portion of the Company’s acreage.
    The Company has now drilled two of the three wells planned for this current campaign. The
    Company anticipates that these wells will be completed and tied-in to production
    infrastructure during the March 2007 Quarter. This program (together with the ongoing
    program of re-completions) will bring the total number of wells that have been drilled and
    completed by Redfork to twelve (12). Production (and revenue) from these wells will be
    brought to account in the March 2007 Quarter.
 
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