BROOKSIDE ENERGY LIMITED — Capital/Financing Update 2009

Oct 25, 2009

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Red Fork Energy Limited ACN 108 787 720

Level 2, 79 Hay Street Subiaco Western Australia 6008 PO Box 1424 West Perth WA 6872

Telephone +61 8 9200 4470 Facsimile +61 8 9200 4471

Contact

David Prentice Managing Director david.prentice@redforkenergy.com.au

Website

Two Drilling Rigs to be Deployed as East Oklahoma Drilling and Development Continues

US-focused oil and gas exploration and production company Red Fork Energy Limited (“Red Fork” or “the Company”) is pleased to announce that drilling and development activity is progressing at East Oklahoma with the deployment of two drilling rigs. These rigs will operate simultaneously at both of the Company’s current projects in East Oklahoma.

East Oklahoma – Mayes County

www.redforkenergy.com.au

Directors

Michael Fry (Chairman) David Prentice (Managing Director) Perry Gilstrap (Director Operations) Bruce Miller (Director Resources)

The continuation of our initial drilling program will see five new wells staked, locations built or under construction, and a drilling rig is expected to be moved on site this week. The Company remains on track to have ten wells drilled and completed by the end of the December 2009 quarter.

ASX Code

RFE (Fully Paid Ordinary Shares)

In addition, construction of our pipeline infrastructure (gas gathering and water disposal) connecting these wells to sales has commenced and is also expected to be completed by the end of December 2009 quarter.

East Oklahoma – Northern Joint Venture

At the Company’s joint venture in the northern portion of the East Oklahoma discovery area, drilling of an initial ten well program is also set to commence.

Red Fork has three wells staked, locations have been built and the Company expects to move a second drilling rig on site within ten days.

The Company also expects to have these wells drilled, completed and tested by the end of December 2009 quarter.

Yours faithfully

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David Prentice Managing Director

About Red Fork Energy Limited

Red Fork Energy Limited is an Australian publicly listed company developing oil and gas assets in Oklahoma, United States. The Company currently owns and operates three projects, East Oklahoma (~50,000 acres), West Tulsa (~15,000 acres) and Osage (~5,000 acres). These assets provide proven producing oil and gas fields as well as highly prospective exploration acreage for future growth. Red Fork is well advanced in achieving its goal of becoming an independent exploration and production company through the commercialization of the coal bed methane, shale gas and conventional oil and gas resources located within its landholdings.

Forward Looking Statements

This announcement contains “forward-looking statements”. Such forward-looking statements include, without limitation: estimates of future earnings, the sensitivity of earnings to oil & gas prices and foreign exchange rate movements; estimates of future oil & gas production and sales; estimates of future cash flows, the sensitivity of cash flows to oil & gas prices and foreign exchange rate movements; statements regarding future debt repayments; estimates of future capital expenditures; estimates of reserves and statements regarding future exploration results and the replacement of reserves; and where the Company expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. However, forward looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements. Such risks include, but are not limited to oil and gas price volatility, currency fluctuations, increased production costs and variances in reserves or recovery rates from those assumed in the company’s plans, as well as political and operational risks in the countries and states in which we operate or sell product to, and governmental regulation and judicial outcomes. For a more detailed discussion of such risks and other factors, see the Company’s Annual Reports, as well as the Company’s other filings. The Company does not undertake any obligation to release publicly any revisions to any “forward looking statement” to reflect events or circumstances after the date of this release, or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws.