An Independent Evaluation of Red Fork Energy

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Production Wells

PQML-9 Well

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.[1]

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.[2]