euroz best buys jan 2012

Euroz lists RFE as a best buy this month with a price target of $1.35ish

Their valuation assumes 200-250boepd, 50:50 oil to gas ratio and 10% front month decline rate for its type well. They expect a peak 1st 30 day flow rate for Tahara to be declared shortly. The operated (65.6%) McMurtry well in Noble County (with SandRidge Energy 30%), is nearing completion.  Reservoir stimulation should occur within the month. Abunda 1-21H will complete the lateral from mid-Jan and should be stimulated month end. A second rig will move into Noble County to commence the second McMurtry (1-22H) mid-Jan.