The Perth-based junior said the work, which is due to be finished at the end of next month, was expected to “unlock significant hydrocarbon production” from existing well bores.
Service rigs and related equipment are onsite and the program will continue over the next four to six weeks until all of the targeted zones are completed and tied into the company’s existing production infrastructure.
Red Fork said the initial phase will focus on four wells: RFE-1-29, Broken Drum-2C and the CC-1A, which are producing from the Arbuckle Formation, as well as RFE-1-17 from the Tyner Sand and Wilcox Formation.
In addition, the RFE-1-28 well will be completed as a saltwater disposal well to help boost production in the southern part of the Osage project.
A further seven wells have been scheduled for completions in the next phase of this program, also targeting previously identified “behind pipe” productive zones in existing well bores.
Once complete, Red Fork will have a total of 17 wells completed and tied into its production infrastructure.
As a result, hydrocarbon production from the Osage project is expected to increase during the June quarter, and will continue to build as new wells are drilled and tied-in.
