An Independent Evaluation of Red Fork Energy
January 10, 2013: PQML-9 well Flows at Maximum Rate of 1,291 barrels of Oil Equivalent
Proactive Investors Australia reported on January 19, 2013 that PQML-9 well operated by PetroQuest Energy flowed at a maximum rate of 1,291 barrels of oil equivalent (87% crude oil) after previously flowing at an average rate of 629boe per day over its first 27 days of production. Red Fork has a 12.5% working interest in the well, which is located within Development Area 7.
Red Fork is currently negotiating with PetroQuest on an agreement to facilitate data sharing within the play and expects to work together on further horizontal wells.