September 15, 2011 (Investorideas.com Newswire) Oklahoma based (Australian Securities Exchange listed) oil and gas exploration and production company, Red Fork Energy Limited (ASX: RFE) ("Red Fork" or the "Company") advises that as of 7.00am Central Time on September 12, 2011 the Tahara #1-28H successfully reached its target depth of 8,139 feet.
Approximately 4,200 feet of lateral was successfully drilled in the Mississippi formation, with mud logs and samples confirming several good shows of oil and gas throughout the length of the lateral. Shows of oil were observed in cuttings across some broad zones within the lateral, with numerous gas readings above background also recorded, again over broad zones within the lateral section.
- Published: 14 September 2011
- Written by Investor Ideas