The company, which is entitled to 80% of the revenue, said it was completing its workover program at the project, with the remaining shut-in wells planned to be treated and tied in to production by the end of next month.

Last week the company acquired key gas transportation infrastructure linking the Osage project with the recently-acquired Tulsa project, in an attempt to build production to more than 10Mmcfd.

Red Fork’s managing director David Prentice said his company was now a significant player in this prolific oil and gas region, with 30,000 acres of projects and extensive pipeline, gathering, processing and compression infrastructure.

“The company’s multi-zone exploration and development strategy will see us continue to focus on zones in this region with proven production capability,” he said.

“We have already achieved success in these zones within the Osage project and will now look to expand this exploration and production track record to the enlarged project area.”