BROOKSIDE ENERGY LIMITED — Capital/Financing Update 2011

Nov 29, 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

Contact

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

Website

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

RFE (Fully Paid Ordinary Shares)

Red Fork Energy Mississippian Play Operations Progress Report

Oklahoma based (Australian Securities Exchange listed) oil and gas exploration and production company, Red Fork Energy Limited (“Red Fork” or the “Company”) is pleased to provide the following update on operations across its holdings in the Mississippian play in Oklahoma.

Pawnee County, Oklahoma

Tahara 1-28H Well

As announced earlier this morning a program of production testing has commenced, with early data yielding positive results. To date we have recovered 6,000 of approximately 70,000 barrels of load water and we are already seeing rapidly increasing shows of oil and rich (high BTU) gas.

Bottom hole pressures are normal for this depth and we are gradually lowering the fluid level (currently still about 650 feet from the surface). The rate of pumping via the ESP is being monitored on a continuous basis as the well continues to flow intermittently and the load water is recovered.

This production testing profile (used to establish the 30 day peak rate) is consistent with those seen in off setting wells drilled by other operators in this part of the play.

Abunda 1-21H Well

As previously announced the first few hundred feet of the lateral in this well exhibited somewhat different drilling conditions to the Tahara #1-28H well. It appears that the fracturing in the productive interval is more pronounced in this well (indicative of higher deliverability and a feature of some of the more productive wells in the play).

Current operations include preparations to move in the Jerry Scott #2 rig to resume drilling of the lateral in this well.

Noble County, Oklahoma

McMurtry 1-21H, McMurtry 1-22H and Blair 1-24H Wells

A 3D seismic program has been completed over a 16-section area within our initial Noble County development area. Interpretation of this seismic (completed to date) has cleared the first three locations (wells named above) for drilling.

Surface damages have been settled on all three sections and a location had been built for the McMurtry 1-21H well . Completion of all production infrastructure for this area (oil, gas and water) is also well advanced.

Current operations include preparations to move in the KAL Drilling rig #3 on location to spud the McMurtry #1-21H well . The KAL Drilling #3 rig (a 10,000 foot capacity top drive) is contracted to drill all three of the Noble County wells.

Further updates will be provided as operations continue.

Yours faithfully

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David Prentice Managing Director

www.redforkenergy.com.au

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