interesting article here
couple of interesting points, gas spot price on 3/9/09 was $2.51 per mmbtu, on this day in 2009 it appears RFE went untraded but on 4/9/09 SP closed at $1.27.5
last night the spot price closed at $3.68 and our SP is $0.36 ???????????
the figures on page 11 of this announcement suggest $1.50 is our total operating cost per mcf, $3.68 would be producing over $2 profit per mcf produced, this was discussed before, in the early part of the well life costs will be slighter higher, but still very cheap wells.
do the numbers folks, with the size reserves we have, RFE is undervalued to the point of being unbelievable.
the other interesting point in the article related to NGLs, as i have mentioned recently Moebius #3-28 is intriguing me at the moment, the mention of fluids in a previous announcement and the length of time to get this well under control have me hoping for a condensate find at a possible higher flow rate than the West Tulsa oil wells.
quite often goes for the equivalent price of oil and should make a very tidy profit. speculation at this point, i know!
what NGL sands extend into Oklahoma??
Add to My Watchlist
What is My Watchlist?