Take a close look at RFE. They are in the Mississippi Lime Play in Nth Oklahoma and Sth Kansas with a prime position and vast last holdings of 75000 acres and looking for more.
Presently only have one producing well but plan to drill 10 more in 2012. Produce light sweet crude with high liquids content.
Porosity/permeability good therefore shallow drilling depths and economical.
Surrounded by big players ie Devon, Chesapeeake, Marathon and more.
Early days yet, but starting to get noticed by the analysts.
Should do well, providing future wells perforn as expected and barring further deepening of the Euro crisis.
EKA Price at posting:
48.5¢ Sentiment: Sell Disclosure: Held
