announcement , page-6

Well done.

This is a very positive and smart acquisition by RFE. 80 producing wells plus infrastructure which can be used for bringing the existing planned wells into market.


Can someone confirm RFE's current working capital? They've paid 1.15m upfront with the balance to be paid on closure. I'm wondering how much they've paid for this business.

Given that they have some $16m odd working capital after this acquisition, I would say that they are buying at somewhere near the bottom of the cycle.