Abunda #1-21H WellPawnee County, OklahomaOklahoma based...

Abunda #1-21H Well
Pawnee 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 very pleased to advise that the Abunda #1-21H well reached its targeted measured depth of 7,594 feet on February 20, 2012.
Approximately 3,400 feet of lateral was successfully drilled in the Mississippi Lime formation. Mud logs and samples have confirmed good shows of oil and gas across the length of the lateral with extensive natural fracturing also evident.
Open hole logging operations are currently underway. Immediately following this, operations to run and cement the production liner will commence.
Finally the well will be shut-in awaiting completion, which will include perforation of the casing and a multi-stage fracture stimulation program.
Further updates will be provided as operations continue.