Most of RFE's acreage is located in the top part of payne county, noble and pawnee counties, relatively close to SEA's logan county holding's.
This Map from SEA shows pretty much where RFE's two first wells were located in pawnee county.
Tahara did an IP rate of 283 boepd (80% OIL) Abunda did an IP rate of 30 boepd (80% OIL)
I suspect issues with Abunda, imo more mechanical issues as the lateral was cut short of TD for some reason. This well was also drilled on a twin location, the lateral of this well directly opposes the lateral in the Tahara well.
According to the OCC, RFE has two wells now producing in noble county, flow rates unknown as yet.
SEA Price at posting:
57.5¢ Sentiment: LT Buy Disclosure: Held