BROOKSIDE ENERGY LIMITED — Capital/Financing Update 2013

Mar 19, 2013

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ASX Announcement March 20, 2013

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) Bruce Miller (Director Resources) Bill Warnock (Non Exec. Director)

Executive Management

Chris Girouard (President & COO) Kevin Humphrey (Chief Financial Officer) Suzie Foreman (Company Secretary)

Listings

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

US$65 million Facility Secured for Mississippian Development

Highlights

•  US$65 million revolving credit facility

•  Initial borrowing base amount of US$20 million based on proved reserves as at December 31, 2012[1]

•  Initial revolver and borrowing base to fund Mississippian development plans

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 pleased to announce that it is set to close a new US$65 million revolving credit facility (the “Facility”) with Oklahoma based, F&M Bank. The initial borrowing base amount of US$20 million is based on the proved reserves for the Company’s Mississippian holdings as at December 31, 2012. The Facility has an interest rate of 3.25% per annum and includes usual terms and conditions.

The Facility will be used in conjunction with operating cash flow to fund overall capital expenditure requirements for the Company’s forward Mississippian development program and for general working capital purposes.

Commenting on this release, Red Fork’s Managing Director, David Prentice said; “We are very pleased that the recent reserve upgrade has underpinned the Company's ability to access low cost capital for our Mississippian development. This new facility together with increasing cash flow from production and existing cash reserves will enable the Company to continue its aggressive development plan. We are delighted to be working with F&M Bank and we expect that with further production and reserves growth, both the size of the Facility and borrowing base will increase enabling us to look to further expand the pace of development.

1 Proved reserves associated with Red Fork’s Mississippian holdings were independently certified by Lee Keeling & Associates to be 5.1 mmboe (gross) and 2.6 mmboe (net) as at 31 December 2012.

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.

Reserve Certification

The independent certification of the reserves outlined in this announcement was undertaken by Lee Keeling & Associates, Inc. (LKA). LKA are engaged each year by the Company to review and prepare a report on the Company’s oil and gas reserves. LKA are petroleum consultants based in the United States with offices in Tulsa and Houston. LKA provide specific engineering services to the oil and gas industry and consult on all aspects of petroleum geology and engineering for both domestic and international projects and companies. LKA have consented to the release of this reserves information.

www.redforkenergy.com.au