trading halt, page-18

richiet, not your normal positive self there, lets wait and see.

as i said before, tried to read between the lines.

material new development opportunity- this to me sounds like it relates to our existing holdings, hopefully new find under existing oil wells at West Tulsa.

short term credit facility- exactly that.
now that RFE have over $3 million revenue per year and likely to grow, a credit facility is available to us.
IF the new development relates to Mississippian shale i would not be surprised to see horizontal drilling as a new aspect to RFE, a business plan would have been presented to get this credit facility, hoping that we have expected flow rates annnounced for this new drilling.

the cost of these wells is fairly high but the reward can be huge, i would imagine the credit facility will be for when we get down to lower cash levels to tide us by while we wait for revenue from this well.

remembering previously mentioned mississippian shale find/arbuckle formation, chesapeake has a flow rate of 1600boepd in the same shale, couldnt possible hope to expect that but what would a well producing 800boepd do to RFEs share price, remembering AUT have similar flow rates,heaps more shares on offer, RFE are 100% OWNED and OPERATED and look at their SP, do the numbers.

suppose would depend if we multiple targets and would have to actually be the case, but this would send RFE in to the stratosphere.

all opinion of course, DYOR