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)

Progress Report Tahara #1-28H Well Pawnee County, Oklahoma

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 provide the following update on production testing operations at the Tahara #1-28H well, in Pawnee County Oklahoma.

As of Monday November 29, 2011 the well has been pumping continuously on an electric submersible pump (“ESP”) for approximately 72 hours. To date we have recovered only 6,000 of approximately 70,000 barrels of load water (injected during the reservoir stimulation operations) and we are already seeing rapidly increasing shows of oil and rich (high BTU) gas.

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.

Bottom hole pressures are normal for this depth and we are gradually lowering the fluid level (currently still about 650 feet from the surface). Importantly this establishes that the reservoir stimulation operations where both effective and contained within the productive zone.

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.

Commenting on this release Red Fork Managing Director David Prentice said, “We are delighted with these early results from the Tahara #1-28H well which indicate that with further testing this well could establish itself as one of the better performers in this part of the play. These early positive indications vindicate our acreage acquisition strategy. A great deal of time and technical effort has been used to carefully acquire only the best quality acres in the Mississippian play. As a consequence of this we are extremely well placed with a growing acreage position that we feel is amongst the best in play.”

Further updates will be provided as operations continue.

Yours faithfully

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