prospect buying, nat nom sold out??, page-3

sharechaos, thanks for confirming the info and thank you for the kind remarks again.

being doing a bit more research since we heard at the AGM that the Mississippian shale is now one of our targets.

RFE has many neighbours who are targeting this shale from large public companies like Chesapeake, Sandridge and Range to smaller private companies like Calyx,Pablo and Spyglass.

the one very clear fact i can find about all these companies is that horizontal drilling not vertical is the primary method used for in some cases spectacular flow rates.

nothing has been confirmed yet due to the lack of announcements but if the Mississippian shale is in fact on our radar now, would not be surprised to see RFE in the future drill horizontel wells at West Tulsa to a depth of around 5500 feet as per announcement on 21/5/10

this could/should be a very exciting prospect for RFE, the cost of these wells will probably be 3 times the existing cost of drilling West Tulsa wells but going on articles i have found production can be 15-20 times higher with a greater % of oil and gas recovered from the shale.

using moebius 1-28 and the initial flow rate of 47BOPD, can you imagine what a well producing 700-900 bopd would do for RFEs bottom line.

all pie in the sky stuff at the moment, this is only a possible suggestion, DYOR etc