BROOKSIDE ENERGY LIMITED — Capital/Financing Update 2011

Apr 4, 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

Success with Moebius #4-28 at Pawnee

• Moebius #4-28 well successfully reaches target depth of 3,572 feet

•  Approximately 75 feet of Red Fork Sand logged

Contact

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

•  Extent of the productive oil zone increased

• Opportunity to further develop the zone with horizontal drilling

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)

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 announce that the Moebius #4-28 well reached target depth of 3,572 feet at 7.00am on the 30[th] March 2011 at the Company’s 100% owned and operated Pawnee prospect in Oklahoma.

Casing has now been run and cemented in preparation for completion and production testing. Logs completed on the well highlighted approximately 75 feet of productive Red Fork Sand formation, with the zone exhibiting a good show of oil and gas on drilling.

Importantly, this well (a step out from the Moebius #2-28 well, which is currently operating as a disposal well) has extended and confirmed the continuous nature of the Red Fork Sand oil zone at Pawnee.

In addition, the Moebius #4-28 well has created the opportunity to further develop the Red Fork Sand zone in this part of the Pawnee prospect with horizontal drilling. With this in mind the Company is currently preparing a plan for a horizontal test which will likely be drilled during calendar 2011.

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