Ann: East Oklahoma Development Continues , page-7

mimmo, a fair description of the current trading.
the value is there, gas prices jumped to $4.54, oil $91.55, production rising, assets increasing, great new acres and a complete reluctance from buyers.

spoke with another holder at a wedding 2 days ago, he is the same as you mimmo, RFE currently making no sense at all, other shares he holds are running on no news, no assets and no income, RFE is improving value to shareholders left right and centre and going no where?????

got a top 100 today, was trying to find out who was involved in the 500k x trade on 23/12 when we were sold down for the trade in question.

the buyer almost certainly was Citicorp again, from 13/12 they have bought 474,250 possibly sold 25750 at some point on that day to assist in the trade. Citicorp have been a fair size buyer since the last top 20 released, assume they are seeing value in RFE and wont let the SP drop past a certain point.

who sold them though, Robert Healy sold another 177,724 shares, Louis Ghirardello bought 32,500, JP Morgan sold 49,000, Marie Scodella sold 36350, Hawthorn Grove sold 176017, Nat Nom bought 14672, and just outside the top 20 Peter Davis bought at least 176000, possibly 320000.

overall in that time the top 100 increased holdings by 58273 shares.

on the bright side we havnt dropped SP this year.

hope everyone had a great break