Value Microcaps Junior Energy

[Bobwins]

RFE.ax/rdfef.pk +.015 to A$.415

Red Fork Grows Mississippian Acres by 40%
? Mississippian Acres increased to 41,000 net acres (up from 30,000 net acres)
? Red Fork now has an interest in 240 high-grade sections across seven Counties in the heart of the Mississippian play
? Current acreage position delivers an interest in >700 potential horizontal Mississippian well locations
? On track to achieve initial goal of >50,000 net acres by mid-year
Oklahoma based (Australian Securities Exchange listed) oil and gas exploration and production company Red Fork Energy Limited (“Red Fork” or the “Company”) is pleased to announce a further significant increase in its holdings in the exciting horizontal Mississippian oil and liquids rich gas play in Oklahoma.
Red Fork’s continuing leasing initiatives have so far delivered approximately 41,000 net (select high-grade) acres. This increase follows the large increase announced by the Company just three weeks ago.
The Company now has an interest in approximately 240 high-grade sections across seven Counties in the heart of the Mississippian play in northern Oklahoma. Each section (640 acre tract) has been selected to meet Red Fork’s specific leasing criteria to maximize the number of high-grade potential horizontal Mississippian well locations.
Continues….
ASX Announcement
May 9, 2011
www.redforkenergy.com.au
This current acreage position provides the Company with the opportunity to participate in more than 700 potential locations, in parts of the play currently being targeted by the leading acreage holders, including Chesapeake Energy (NYSE:CHK), SandRidge Energy (NYSE:SD), Range Resources (NYSE:RRC), Pablo Energy, Calyx Energy, Plymouth Exploration, Ceja Corporation, Chaparral Energy and Territory Resources.
Red Fork has now increased its holdings in the horizontal Mississippian oil and liquids rich gas play in Oklahoma by almost 250% since the current leasing program commenced. The Company will continue to grow its holdings in its target area through its leasing initiatives as well as through the acquisition of larger tracts and through Federal and State lease sales. Red Fork is now well on it’s way to achieving and exceeding its initial target of approximately 50,000 acres by the middle of this calendar year.