BROOKSIDE ENERGY LIMITED — AGM Information 2011

Nov 29, 2011

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Annual General Meeting 2011 UWA Club, University of Western Australia Perth, Wednesday 30[th] November 2011

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Forward Looking Statements...

This presentation contains forward looking statements that are subject to risk factors associated with the oil and gas business. It is believed that the expectations reflected in these statements are reasonable but they may be affected by a variety of variables and changes in underlying assumptions which could cause actual results or trends to differ materially, including but not limited to; exploration and appraisal drilling, operating and production results, estimates of resources and reserves, competition, environmental risks, legislative risks, access to capital, project delay or advancement, approvals, cost estimates, price fluctuations and demand. Investors should undertake their own analysis and seek advice from their professional advisor before deciding to invest in Red Fork Energy Limited.

Reserve Certification

The independent certification of the reserves outlined in this presentation was undertaken by Lee Keeling & Associates, Inc (Lee Keeling). Lee Keeling are engaged each year by the Company to review and prepare a report on the Company’s oil and gas reserves. Lee Keeling are petroleum consultants based in the United States with offices in Tulsa and Houston. Lee Keeling provide specific engineering services to the oil and gas industry, and consults on all aspects of petroleum geology and engineering for both domestic and international projects and companies. Lee Keeling have consented to the release of this reserves information.

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FY2010/2011 Milestones….

ü Gross oil production of 25,158 barrels ü Gross gas production of 492,400 mcf ü Revenue from operations of $3.08m

ü Position in the Big River Mississippian oil and liquids rich gas project increased to 50,000 net (currently in excess of 55,000 acres) ü Successfully closed first mid-stream transaction at East OK South ü Private placement and share purchase plan raises in excess of $33m

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~~2011 Reserve Certification~~

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6$.%"C:86>	8DE	FGDH	ED9	G8DG
6$.%"CI6$.=)=(":J6>	JDF	EEDG	8GD8	88KDG
6$.%"CI6$.=)=("I6.##*=(":F6>	JDL	8FLDM	JMDH	8MGDJ

Notes & Assumptions:

1. All of these reserves are from shale gas, conventional oil and gas and coal bed methane accumulations, at depths ranging from 400 to 5,000 feet. The producing zones range in age from Pennsylvanian to Cambrian and are located in the Cherokee basin of Oklahoma in the US.

2. ����������������������������������������������������������������������������������������������� Revenue Interest.

3. The reserves are based on an oil price of US$85.00 per barrel flat and a starting gas price of US$4.58 per Mmbtu escalated to a maximum of US$7.00 per Mmbtu for the life of each well.

4. ������������������������������������������������������������������������������������

5. Barrel of Oil Equivalent (boe) is calculated on a 6:1 conversion of gas to oil.

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More of the same for Natural Gas....

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70%
60%
50%
40%
30%
20%
10%
0%
-10%
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-30%
-40%
-50%
Nov-2010 Dec-2010 Jan-2011 Feb-2011 Mar-2011 Apr-2011 May-2011 Jun-2011 Jul-2011 Aug-2011 Sep-2011 Oct-2011
OK
WTI
Spot
NYMEX
Henry
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DJI
RFE:AU
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Growth across all parts of the business....

ü Mississippi Lime acres increased to 55,000 acres

ü Mid-stream activity increases

ü Production volumes up across all three streams ü Tulsa based senior management team bolstered

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Today it’s all about the Mississippian Play....

ü In excess of 300 horizontal wells drilled across the play so far ü SandRidge (NYSE:SD) and Chesapeake (NYSE:CHK) lead the way ü Several other large NYSE listed companies enter the play ü ~50 rigs currently operating across the play ü 30 Day Peak Rates increase with more wells ü First signs of increased density emerge ü Initial M&A activity

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Mississippian Play (6.5million acres)….

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P R A T T S E D G W I C K B U T L E R W I L S O N C R A W -
K I O W A K I N G M A N E L K F O R D
Kansas US listed operators with acreage positions M O N T - L A -
in the highlighted townships: G O M E R Y B E T T E [C] H E R -
CM OA N- C H E B A R B E R H A R P E R S U M N E R C H A UDevon Energy Corp. (NYSE:DVN) ($33.6bn) T - O K E E
Dutch Meyer Peffly Barnard C O W L E Y Q U A Marathon Oil Corp. (NYSE:MRO) ($22.3bn)
750 boepd [(a) ] 671 boepd [(a) ]
792 boepd [(a) ] Chesapeake Energy Corp. (NYSE:CHK) ($21.3bn)
Range Resources Corp. (NYSE:RRC) ($9.6bn)
Kilian SandRidge Energy Inc. (NYSE:SD) ($4.6bn)
761 boepd [(a) ]
Victor
Sundance 892 boepd [(a) ]
541 boepd [(a) ]
Kasper
341 boepd [(a) ]
Spencer
Wiley 521 boepd [(a) ]
417 boepd [(a) ] Toews
378 boepd [(b) ] Gilbert
State 607 boepd [(a) ]
341 boepd [(a) ] Mela
413 boepd [(b) ]
Sebranek
1,253 boepd [(b) ]
Ripley
312 boepd [(b) ]
Oklahoma
RFE acreage with these highlighted townships
Select industry horizontal wells from across the play Spirit Creek
~400 boepd [(b) ]
(a) Average peak 30 day production
(b) Production data “at the rate of”
160 miles
Nemaha
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Red Fork’s Mississippian activity….

ü Ongoing leasing activity delivers 55,000 net (high-grade) acres ü Presently focused on the Eastern central limb of the play with an interest in more than 200 sections across 5 key counties ü First horizontal well (Tahara #1-28H) successfully, drilled, logged, cased and now production testing ü Second well spudded (Abunda #1-21H)

ü Noble County development set to commence (three horizontal wells)

ü Non-operated participation

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Aggressive into 2012….

ü Ongoing leasing activity to consolidate our already strong position

ü Build a large inventory of high quality horizontal well locations ü Continue to establish important supporting infrastructure ü Drill, drill and drill

ü Participate in Mississippian M&A activity

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Flexibility remains a key part of our strategy...

ü Establishing four revenue streams (oil, natural gas, natural gas liquids/condensate and midstream gathering and processing) ü Importance of our mid-stream business which provides us with a strong competitive advantage in our areas of operation.

www.redforkenergy.com.au

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Red Fork Energy... Meeting the challenges and taking advantage of the opportunities

Red Fork Energy is an Oklahoma based shale gas and oil exploration and production company that is listed on the Australian Stock Exchange

1. Company making upside to be unlocked in Mississippian Play and East OK Shale assets

RFE at a glance

Shares on Issue : 269.0 million Share Price : $0.60 (26/11/2011) Market Cap : ~A$160 million Shareholders : ~1,500 Top 20 Holding : ~60% Cash : ~A$17 million (30/09/2011) 2P reserves : ~17.1Mmboe (30/06/2011) Debt : Nil

1. Track record for growth, reserves and revenue

2. Four revenue streams, oil, gas ,NGL’s and midstream gathering and processing

3. Very experienced local management team

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Thank you...

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