Past year: ▲ 0%(38.0c – 60.0c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
10 Aug 2012investor presentation● Neutral
Equity raising deck for the A$50m placement at A$0.67. Pro-forma shares rise from 310.3m to 384.9m and cash to about A$72.2m, with no debt. Certified Mississippian reserves are expected in the September quarter, and rigs are to rise from two to four over nine months.
6 Aug 2012drilling progress report▲ Good
McMurtry 1-21H finished testing with a 712 boe/d peak and a 23-day average of 470 boe/d. Completions are pending on McMurtry 1-22H, Bunch and Tasman, while State 1-13H and 1-16H are drilling. A 23-day average is lower than the earlier 648 boe/d reading.
2 Aug 2012contract award▲ GoodMajor
Red Fork agreed to sell crude from its 75,000-acre Mississippian holding to a Phillips 66 subsidiary, effective 1 July 2012, covering pipeline connection and/or trucking. This secures a buyer and outlet for the oil after months of negotiation.
23 July 2012drilling result▲ Good
Blair finished testing with a 400 boe/d peak and a 21-day average of 273 boe/d, shut in for nearby drilling. McMurtry 1-21H averages 648 boe/d since the initial report. Tasman reached 10,160 ft with about 3,295 ft of net pay, the largest pay zone yet.
16 July 2012well test result▲ Good
McMurtry #1-21H rose to 485 boe/d over six days of testing, with the last 24 hours at 360 bbl of 38 API oil and 750,000 cf of gas, while still cleaning up. Blair lies about three miles east, and a 30-day peak and average were still to come.
10 July 2012drilling progress report▲ Good
Blair holds 350-400 boe/d, McMurtry 1-21H is on pump and showing oil and gas, and Tasman nears TD. State #1-13H (50%) is about to spud as the first Unit rig well. Seven wells are active in Development Area 2.
27 June 2012well test result▲ Good
Blair #1-24H rose to 331 boe/d (253 bbl oil, 470,000 cf gas) on day three of testing, up from the earlier 20 bbl/h reading. McMurtry 1-21H was fracked in 13 stages and is flowing back load water; Bunch and Tasman still drilling.
22 June 2012well test result▲ GoodMajor
Blair #1-24H tested as high as 20 barrels of oil per hour with 240,000 cubic feet of gas per day-equivalent flow during the last 24 hours. Only a small fraction of load water has been recovered and rates are not stabilised. First oil load sold to Phillips66.
20 June 2012drilling progress report▲ Good
Completion and stimulation began on McMurtry #1-21H in Noble County, with flow-back through existing Development Area 2 infrastructure. Moves the well from shut-in towards testing; no results yet.
4 June 2012drilling progress report● Neutral
Blair was fracked in eleven stages and is flowing back 100 barrels of fluid an hour. McMurtry 1-22H reached 9,350 feet. Abunda is producing only intermittent oil and gas under high fluid level, with no peak rate yet reported, which lags the earlier 30-60 day expectation.
25 May 2012drilling scheduled▲ Good
Equipment is moving onto Blair #1-24H for stimulation. Completions are also scheduled for McMurtry 1-21H and 1-22H, expected in the June quarter, with at least monthly completions through the September quarter.
22 May 2012investor presentation● Neutral
Singapore and Hong Kong conference deck repeating known reserves (2P 17.5 mmboe) and 310m shares. Updated figures: share price A$1.03, cash A$30.0m, no debt. No new announcement of substance.
22 May 2012other● Neutral
Red Fork's American Depositary Receipts began quotation on the OTCQX International tier in the US under RDFEY, each representing 10 ordinary shares. Gives US investors access; no operational change.
21 May 2012drilling spud▲ Good
Bunch #1-19H spudded in Payne County, targeting about 10,000 feet total depth with 4,700 feet of lateral. Red Fork operates with a 94% working interest, with Crow Creek Energy III and others holding the rest.
17 May 2012contract award▲ Good
Red Fork contracted two Unit Drilling Company rigs for Mississippian drilling. The first goes to Development Area 2 shortly after maintenance; the second is expected toward the end of the September quarter. Adds to the existing Jerry Scott rigs.
9 May 2012drilling progress report● Neutral
Intermediate casing was run on McMurtry 1-22H, with a good oil show in the upper Mississippi Lime. Lateral drilling to about 9,377 feet total depth is next. No flow results.
7 May 2012drilling result▲ Good
Blair #1-24H reached its 9,411-foot target on 4 May with about 4,125 feet of lateral and oil and gas shows throughout. Casing is cemented and the well awaits stimulation. No flow rates yet.
17 Apr 2012drilling spud▲ Good
Drilling began on McMurtry #1-22H in Noble County, the second rig in Development Area 2, targeting about 9,377 feet total depth. Red Fork holds 62%. Company expects four Noble wells ready for completion and plans two new horizontal producers a month.
17 Apr 2012investor presentation● Neutral
April 2012 investor deck repeating known figures: 2P reserves 17.5 mmboe, 310m shares, A$37.0m cash, no debt, share price A$1.00. No new announcement of substance.
2 Apr 2012drilling progress report▲ Good
Abunda is fracked and on pump, with about 9,000 of 40,000 barrels of load water recovered; initial rate due in 30 to 60 days. Blair is at 4,500 feet; McMurtry 1-21H is shut in awaiting completion. Tahara matches the play average type curve after almost four months.
20 Mar 2012drilling spud● Neutral
Blair #1-24H spudded 18 March in Noble County, the first Red Fork well on the Jerry Scott #5 rig. Target is about 9,400 feet total depth with 4,500 feet of lateral. Red Fork holds a 92% working interest.
15 Mar 2012drilling progress report● Neutral
Completion and fracture stimulation of Abunda #1-21H has begun, designed with Schlumberger and Halliburton using the open-hole logs. Flow-back testing will use existing infrastructure. No results yet.
15 Mar 2012investor presentation● Neutral
New York conference presentation repeating known facts: 2P reserves of 17.5 mmboe, about 310m shares, A$37.0m cash at 31 December 2011 and no debt. No new announcement of substance.
15 Mar 2012half year report● Neutral
Half-year to 31 December 2011: net loss US$1.8m (US$1.9m prior), oil and gas revenue US$1.8m, up 38%. Mississippian holdings are 73,000 net acres, with a target above 100,000. Tahara tracking the industry-average type curve.
15 Mar 2012investor presentation● Neutral
Euroz conference presentation in Rottnest, repeating the same corporate overview as the New York deck: 310m shares, A$37.0m cash, no debt. No new substance.
2 Mar 2012other▲ Good
S&P index rebalance notice listing changes to the S&P/ASX indices effective 16 March 2012. Red Fork is shown as an addition to the S&P/ASX 300 and All Ordinaries. It is not a company announcement; text is truncated.
22 Feb 2012drilling result▲ Good
Abunda #1-21H reached 7,594 feet on 20 February with about 3,400 feet of lateral in the Mississippi Lime, good oil and gas shows and extensive natural fracturing. Resolves the lateral delay; logging, liner and frac to follow.
17 Feb 2012drilling scheduled● Neutral
Jerry Scott Rig #5 is being rigged up to spud Blair #1-24H in Noble County, expected the following week, as a 9,000-foot-plus horizontal test. The company says the larger rig, contracted for 12 months, should cut drilling time.
13 Feb 2012drilling progress report● Neutral
Abunda #1-21H was drilling at 5,741 feet on 12 February, about 1,500 feet into the lateral, with oil and gas shows. The lateral directly opposes Tahara #1-28H, about 50 feet away.
10 Feb 2012drilling result▲ Good
Logging of McMurtry #1-21H found many productive intervals along the full lateral, with natural fracturing well beyond the company's modelling. Liner is cemented; completion design under way. Encouraging but no flow rates yet.
