Oil and gas exploration and production company and Oklahoma based (ASX listed) Red Fork Energy Limited ^[1] ("Red Fork" or "the Company") has announced that their East Oklahoma shale gas project is delivering lower development and finding costs.

Managing Director David Prentice is quoted saying:

"It is important to remember that reducing costs of drilling and completing a well has the economic effect of increasing the price received for gas produced over the life of that well.  These breakthrough in reducing drilling and completion costs are effectively "permanent hedges" against future gas price fluctuations."

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