BROOKSIDE ENERGY LIMITED — Capital/Financing Update 2012

Jul 15, 2012

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----- Start of picture text ----- ASX AnnouncementJuly 16, 2012----- End of picture text -----

Red Fork Energy Limited ACN 108 787 720

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

Production Testing McMurtry #1-21H Well Noble County, Oklahoma

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)

Listings

RFE.AX (Fully Paid Ordinary Shares) RDFEY.OTCQX (1 ADR = 10 FPO’s)

Oklahoma based (Australian Securities Exchange and OTCQX 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 operations from Development Area 2 in Noble and Payne Counties, Oklahoma.

The McMurtry #1-21 well is currently testing into permanent production facilities. The Company is pleased to advise that during the last six days of testing, rates have increased significantly to 485 barrels of oil equivalent per day. The last 24 hours has seen 360 barrels of 38 API gravity crude and 750 thousand cubic feet of approximately 1,350 BTU gas produced to sales through a 16/64[th] choke with 564 psi flowing casing pressure.

These results have been achieved while the well is still cleaning up with casing pressure building and a very high fluid level in the well bore

A 30-day peak and average rate for the well will be released when testing operations are completed.

Commenting on this announcement, Red Fork Managing Director David Prentice said, “It’s great to see more excellent results coming from our Mississippian operations. This comes on the back of the very good results achieved in testing of the Blair #1-24H well which is approximately three miles east of the McMurtry #1-21H well in Development Area 2. These results provide us with enormous encouragement for the potential of this area. The next well in Development Area 2 is due to be completed shortly and we have two more wells drilled and awaiting completion after that. We also have two rigs operating in this area (currently drilling the State wells) which will add roughly two wells a month to our inventory in this development area”

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