Red Fork Energy continues Mississippi Lime drilling in Oklahoma - Proactiveinvestors (AU)

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Red Fork Energy www.redforkenergy.com.au/

Red Fork Energy (ASX:RFE) is an independent oil and gas exploration and production company focuded in the midcontinent of the United States.

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Red Fork Energy continues Mississippi Lime drilling in Oklahoma

Monday, May 21, 2012 by Bevis Yeo

Red Fork Energy continues Mississippi Lime drilling in Oklahoma

Oklahoma focused Red Fork Energy (ASX: RFE) has spudded the Bunch 1-19H well in Payne County, Oklahoma, that targets the liquids rich Mississippi Lime formation.

The well will be drill to a vertical depth of about 5300 feet (1615 metres) with an estimated 4700 feet lateral in the target formation.

Red Fork has a 94% working interest in the well, which is being drilled from a location in Payne County as a horizontal Mississippi test.

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.  

World Oil Resources (ASX:WLR) holds a 50% stake in the Welch-Bornholdt Wherry (WB-W) field in Rice and McPherson counties, Kansas, while AusTex Oil (ASX: AOK) has a 13.73% working interest in Snake River Project, northern Oklahoma.

 

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