NEW YORK--()--S&P Capital IQ announced today that it has commenced Standard & Poor?s Factual Stock Report coverage on Red Fork Energy Ltd.
Red Fork Energy Limited (OTC: RDFEY; ASX: RFE) (Red Fork or the company) is an independent oil and gas exploration and production company focused on the mid-continent of the United States. The company primarily focuses on securing, finding, developing, producing, and selling hydrocarbons. It explores for and develops conventional oil and gas as well as shale gas and coal bed methane.
Founded in 2004 and trading on the Australian Securities Exchange (ASX:RFE), Red Fork is creating value for shareholders by securing acreage in lower risk proven oil and gas provinces in the mid-continent of the United States. From its head office in Tulsa, Oklahoma, the Company is utilizing its significant operational experience to unlock value in large resource type plays through its exploration and development activities.
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 has positioned itself in one of the premier on-shore United States horizontal oil resource plays, with a large and growing acreage positioned in the heart of the exciting Mississippi Lime oil and liquids rich gas play. The company currently holds approximately 75,000 net acres across five key counties in the Eastern Limb of this very exciting play.
The company last reported reserves in September 2011, with 2P reserves of 2.3mmbbls and 88.7bcf, not including reserves attributable to its Mississippian acreage. Red Fork published Q312 production volumes of 35mboe (389boe/d).
Standard & Poor?s Factual Stock Report coverage on Red Fork Energy Ltd will also be accessible on an ongoing basis to the investment community by scores of buy-side institutions and sell-side firms that utilize S&P Capital IQ research and information platforms daily. Millions of self-directed investors also have access to the report via their e-brokerage accounts. Please visit www.redforkenergy.com.au for additional information.
About Standard & Poor's Factual Stock Reports
Currently profiling over 500 issuers, Standard & Poor?s Factual Stock Reports, produced by S&P Capital IQ, increase market awareness of issuers in the investment community with insightful commentary and key statistics and information. Standard & Poor?s Factual Stock Reports provide factual research coverage about company fundamentals and business prospects, thereby enabling information about covered companies to reach a wide investor audience of Buy and Sell-side investors. Updated weekly with the latest pricing, trading volume, and other data, the reports include recent developments, a financial review, key operating information, industry and peer comparisons, institutional holdings analysis, Street Consensus and opinions, performance charts, business summary, fundamental data, and news. Because coverage of these reports is underwritten by the issuer, S&P Capital IQ does not offer investment opinions concerning the advisability of investing in these stocks.
Standard & Poor?s Factual Stock Reports are produced separately from any other analytic activity of S&P Capital IQ or related organizations. S&P Capital IQ does not trade on its own account.
About S&P Capital IQ
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