Red Fork Energy Limited - Showcase Oklahoma Oil and Gas Stock
Red Fork Energy Limited (ASX: RFE) is an Oklahoma based exploration and production company. Founded in 2004 and trading on the ASX under RFE, Red Fork is creating value for shareholders by securing acreage in lower risk proven oil and gas provinces in the US. The Company is utilizing its significant operational experience to unlock value in large resource type plays and build and develop these assets. Red Fork has a large landholding in Oklahoma with leasehold and held by production acreage covering both proven producing oil and gas fields as well as highly prospective development acreage. The company’s projects are all 100% owned and operated under very favorable terms, including Net Revenue interests ranging from 80% to as high as 87.5% on long-term leases. The company has a focus on low finding and development costs coupled with low operating costs in order to deliver high returns to shareholders. Recently Red Fork has positioned itself in what is considered to be one of the premier onshore US horizontal plays, with a large and growing acreage position in the heart of the exciting Mississippi Oil and liquids rich gas play in northern Oklahoma.
Red Fork Energy Limited (ASX: RFE) is an expired advertising showcase stock on Investorideas.com
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