BROOKSIDE ENERGY LIMITED — Capital/Financing Update 2011

Dec 8, 2011

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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

2012 Mississippian Funding Secured

Oklahoma based (Australian Securities Exchange listed) oil and gas exploration and production company, Red Fork Energy Limited (“Red Fork” or the “Company”) is very pleased to announce that it has secured additional funding for its Mississippian oil and liquids rich gas development program in Oklahoma.

Contact

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

Website

This additional funding will ensure that the Company can continue to pursue an aggressive operated drilling program, maintain its leasing initiatives and importantly fund participation in an increasing number of non-operated drilling opportunities in the Mississippian.

www.redforkenergy.com.au

Directors

Michael Fry (Chairman) David Prentice (Managing Director) Perry Gilstrap (Director Operations) Bruce Miller (Director Resources) Steve Miller (Non-Executive Director)

ASX Code

The Company has agreed to place 40.46 million new ordinary shares to sophisticated and professional investors, raising $27.9 million (before costs of the issue) at a price of $0.69 per share. The placement is within the Company’s 15% placement capacity.

Euroz Securities Limited acted as Lead Manager and E.L.&C. Baillieu Stockbroking Limited as broker to the offer.

RFE (Fully Paid Ordinary Shares)

Red Fork Managing Director David Prentice said, “the strong support for the placement follows favorable ongoing production testing results from the Tahara #1-28H well (100% working interest).

“We are looking forward to continuing and expanding our current operated Mississippian drilling campaign and actively participating in non-operated wells in the play.

“We appreciate the very strong support for this placement, from existing and new institutional investors who recognize the growth potential of our large position in one of the premier liquids rich plays in the United States.”

Yours faithfully

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David Prentice Managing Director

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.

www.redforkenergy.com.au