US-focused oil and gas exploration and production company Red Fork Energy Limited has successfully completed multiple intervals in its existing wells at the East Oklahoma project.
This next important phase in the development of the Company’s 100% owned East Oklahoma roject has delivered positive results with five intervals now completed in three wells.
These latest completions in the lower, middle and upper intervals of the total 50 feet of productive shale in this area have been successful, with the formation successfully stimulated. Each interval is currently being tested with load water being returned and a good show of gas already apparent in each interval.
These results are very encouraging and with ongoing development and refinement of completion techniques, the Company remains confident that wells drilled in the East Oklahoma project have the potential to deliver stabilized flows of approximately 300,000 cubic feet of gas per day.
Red Fork Managing Director, David Prentice commented “We are very pleased to have ticked off two key steps in the development of this project, with success in the completion of multiple intervals and the spacing of the project on 640 acres.We are now in full swing with the development of this exciting project with drilling and completion underway, gas tap direct to interstate markets in place and first sales expected prior to the end of 2009”.
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Red Fork Energy Limited
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