Having been a long term invester in this stock [ God knows why] I was curious to see what speal management has on their website and here it is enclosed.......you only need one guess as to when it was last updated by those too busy spending their fat salaries and issuing themselves so called "performance" shares when nothing could be further from the truth , not to mention their complete distain and arrogance in not supporting the share price with a bit of skin in the game and protecting the company from the s/p rorting taking place this last couple of years . Just what submittions have management made to the ASX , ASIC and authorities in this regard......
" With a large position in the heart of the Mississippi play, Red Fork Energy presents an early stage entry into one of the most exciting liquids plays in the US today.
Underpinned by core producing assets, Red Fork Energy continues to build on its significant position in one of the premier on-shore US horizontal liquids plays. Ongoing leasing initiatives are continuing and the company is regularly adding to the high-grade acreage holdings.
Red Fork’s initial development wells have been very successful with positive initial flows confirming the high quality of the reservoir in the company’s holdings.
The Mississippi Lime play has become a key focus area for several leading US independents and maintains exceptionally competitive economics when compared against the more established horizontal plays.
Red Fork’s focus is on the aggressive development and expansion of its Mississippi holdings."
Well prospective investers , welcome to the land of fairies and high expectations and no deliveries in a dark mushroom culture where the order of the day is a lack of sunshine and B/S with uninformed shareholders and no stated goals or agenda to satisfy shareholder expectations . Where previous shareholders once parted with their hard earned money have been king hit and now on the ground continue to have their heads kicked in.
One of the basic rules says you don't invest in a company unless management have considerable hurt money invested in the company......bloody flees....here endth the lesson.
RFE Price at posting:
29.2¢ Sentiment: Hold Disclosure: Held
