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Based on sustained production, the Red Fork-1-17 well, in Oklahoma, would produce more than $A1 million revenue per year, the Perth-based junior said yesterday.
“As a result of the strong performance of this zone in this well, Red Fork has completed a review of both behind pipe and new potentially drillable locations,” it said.
“Preliminary results of this review have identified at least five new well locations and several behind pipe opportunities.”
Red Fork said it was also completing the Tyner sand zone in the company’s Country Club-4A East Well in preparation for production testing.
The company expects to complete its work-over and completion program early in the September quarter.
