RFE series 2018-1 reds trust

Ann: Redfork Energy Ltd 2010 AGM Presentation , page-5

  1. 7,312 Posts.
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    hi holders, just back from the meeting.

    there were 2 slides in that presentation that were interesting,
    definitely slide number 8, first time something like that has been mentioned in presentations.
    everyone can have a guess over the insinuation there, this has been one of the recent "rumours"
    the perception i got was its business as usual, certainly no hint of takeovers in the wind.

    slide 11 was fairly interesting too, re the mississippi shale, first time this has been mentioned.

    this shale is being drilled as close as 8 miles away from West Tulsa, asked the question regarding this, is this the 120 extra feet of sands under the red fork sand, yes it is.

    i like the mention of liquid rich plays, assume this will be a focus in the future as flow rates should be considerably higher than red fork sands and oil prices continue to rise.

    will also add considerable value to the company in the future.
 
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