buyers, page-12

My crystal ball for this company shows a long staircase spiralling down unless there is some big news to change its fortunes.

I struggle to see why it deserves close to 100M market cap. Production? Reserves? Proven performamnce? Outstanding management with a high growth plan?

Compare it to AOK who works in the same back yard (Oklahoma / Tulsa) and does alot of teh same things - reconditions wells, uses short laterals in low cost wells.

Market Cap: AOK (< $30M), RFE ($90M)
Prouction: AOK (approaching 500BOPD), RFE (opaque?)
Reserves : AOK (7mmbbls +), RFE (?)
Drilling: AOK (2 wells per month), RFE (1 well every 2 months?)
Delivering on promises : AOK (yes), RFE (you decide)


Dis: Hold AOK. My interest in RFE is purely to try and guage fair value for AOK.