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RED FORK ENERGY LIMITED

ASX: RFE

The data on Australian Shares.com is intended as a guide only and is compiled from information in the public domain. Data on this website should not be used to make an investment or trading decision.

Description

Red Fork Energy is creating value for shareholders by securing acreage in lower risk proven oil and gas provinces in the mid-continent of the United States. From its head office in Tulsa, Oklahoma, the Company is utilizing its significant operational experience to unlock value in large resource type plays through its exploration and development activities.

Red Fork Energy has a large landholding in Oklahoma with leasehold and held by production acreage covering both proven producing oil and gas fields as well as highly prospective development acreage. The Company has positioned itself in one of the premier on-shore United States horizontal oil resource plays, with a large and growing acreage position in the heart of the exciting Mississippi Lime oil and liquids rich gas play.

Big River Project

  • Location: Northern Oklahoma
  • Target: Oil, Liquids Rich Gas
  • Acreage: ~75,000 acres
  • Reserves: NA
  • Net Revenue Interest (NRI):+81.25%

East Oklahoma Project

  • Location: Oklahoma
  • Target: Shale Gas
  • Acreage: ~70,000 acres
  • Reserves: ~0.3 Bcf per well
  • Net Revenue Interest (NRI): 81.25+%

The Company has additional holdings in Oklahoma, targeting production from coal bed methane and shallow Pennsylvanian aged horizons. Whilst modest in terms of scale these projects do underpin some of the Company’s reserves and generate additional cash flow.

Mine For

oil, gas, shale, coal bed methane

Location of operation(s)

USA

Address

Level 2, 79 Hay Street
SUBIACO, WA, AUSTRALIA

Phone

(61 8) 9200 4470

Email

Website


Last Updated

12/3/2015

 

The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.