more news on mississippi oil play, page-15

Wobbly,

Short report states that RFE are looking to raise $30M via a two-tranche placement and share purchase plan.

EL&C Baillieu and GMP Securities are offering shares at 32 cents apiece, a discount of about 16 per cent to the last close.

It goes on to say that investors may be feeling a little battered given it only 18 months ago that they raised ago $24 million at $1.20 a share..