RFE 0.00% 0.0¢ series 2018-1 reds trust

reserves, page-21

  1. 287 Posts.
    Interesting comparison with reserves between RFE and AUT. I've been sitting on the sideline with RFE waiting for the company to start a truly aggresive drilling program. It is the difference between AUT and RFE. Having reserves in the ground is meaningless if you don't actually get around to pulling it out. I know that RFE has been building the network which will eventually result in growth but it has been a distraction from the EOK play. The other difference is how often the company has said we will do drill this many wells in this time frame. AUT has drilled more wells than originally planned while my impression is that RFE planned to do 30-40 wells and so far delivered......maybe 10 if you include water wells. Hopefully this will change as I do believe it is a very interesting play

    cheers Icharus
 
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