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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