someone keen..., page-11

SC, if EOK South has oil as well as gas this would be enormous for RFE.

there were a few things that were slightly odd in that announcement.

1) no mention of gas shows??
2) depth per nuculars report was 1472 feet, since when have we ever drilled to this depth or is EOK South shale at a greater depth??
3) the mention of Halliburton, why would they be involved??
4) the wells on this list are COMPLETIONS, what does this mean, has it been stimulated??

SC, it could be a test well.

this does raise other questions

was this well to test for new sand formations below our gas producing shale, if so why have we not been told, the article nucular found says the well was completed on 7/10/10, are we waiting for initial flow rates??
if this well is indeed flowing oil was this factored onto our recent reserve upgrade??

nucular, this has opened up a can of worms

not sure what would be required to upgrade Wagoner A station to support oil production but i sure hope its necessary.

not sure how this could be a misprint but would be great to have another oil formation only 1 third the depth of West Tulsa. maybe getting ahead of myself here, wait for confirmation.

SC, still exceptionally confident, our MC is ridiculous for our asset size, reserve size, share base and infrastructure in place, when the SP gets moving, it should move quickly.
annual report due soon as is the quarterly report, revenue should increase again with the full effect of the first 20 wells at EOK South being factored in, plus the 2 wells that came on line at West Tulsa just before 19/3/10, fuss #1-33, a gas only well and fuss#3-33, and oil and associated gas well, plus we MAY have an oil discovery at EOK South, major impetus coming up, perhaps David is in US to tell investors to get in now.

todays trading was odd though, dont think i have ever seen a 200k plus sell order sitting there waiting to be hit.

the buy was great, need 2 more of them tomorrow to perhaps get this seller out the way or is it a blocking order trying to get someone to sell to the buyer at 39.5c, would you bother for half a cent??

anyway, my heads spinning, GO RFE