red fork energy's mississippi play pays off

Red Fork Energy's Mississippi Lime play pays off with production to increase

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Red Fork Energy’s (ASX: RFE) focus on the Mississippi Lime play in Noble and Payne Counties, Oklahoma, continues to pay off with another well entering production.

The company currently has seven wells within Development Area 2 – one of 11 areas that it is working to establish in the Mississippi Lime – at various operational stages with three rigs ensuring that activity levels remains high.

Red Fork is testing the McMurtry 1-21H well with the electric submersible pump after completing reservoir stimulation operations and has already started to see ooil and gas shows in the load water that is being recovered.

This is consistent with the results achieved at this stage of testing on the producing Blair 1-24H well.

Blair 1-24H continues to produce uninterrupted at rates of between 350 and 400 barrels of oil equivalent per day since it started flowing in late June.

Both oil and liquids-rich gas are being produced to sales and Red Fork will release a 30 day peak and average production rate once testing operations are completed.

Further production could come from the McMurtry 1-22H well, which is currently awaiting completion.

Activity in the Mississipi Lime play has been picking up with Sandridge Energy (NYSE:SD) forming a US$1 billion (A$943 million) alliance with Spanish giant Repsol to develop leases within the play in northwest Kansas.