Dis RFE have take into account very little of the Oklahoma acreage in their 2P as they added more late last year and were drilling prior then to prove it up. They do a 2P every June/July so we should see this kick up quite a lot very soon. I would hope!
As for $$ - these also take time and I would agree that AOK has had some nice increases, so too has RFE and the reveues thus far for RFE has been from a small number of gas wells, the majority is from its oil wells. Howevere...RFE is a gas play primarily with oil as a secondary item. Oil however is what they have flowing first to fund the more complex and far larger gas component.
Why do you think AOK hasn't been valued higher than RFE?
RFE Price at posting:
69.0¢ Sentiment: Buy Disclosure: Held
