I have had a look at trading history of RFE in reference to the...

I have had a look at trading history of RFE in reference to the release of announcements. Funny reactions to these as follows. Only 33% of the time has an announcement given us a Green day. Thought I would share. Could be of interest to some and is a good summary of Red Forks achievements, regardless of SP.
Only major announcements are included.

I have no theories as to current SP…..I only know that where it is today it should not be!!

I have set these out as
PD –Previous Day, O –Open, C -Close

06 July – Increase in oil production – Self funded development
PD -$1.30, O - $1.31, C - $1.24 RED DAY

16 July – New drilling commences at EOK
PD -$1.15, O - $1.21, C - $1.23 GREEN DAY
30 July – Success with EOK step-out drilling
PD -$1.385, O - $1.38, C - $1.38 RED DAY

27 August – Red Fork to Double EOK Land Holdings
PD -$1.265, O - $1.45, C - $1.35 GREEN DAY
1 September – Spuds 5th Well
PD -$1.27, O - $1.27, C - $1.24 RED DAY

3 September – Reserve upgrade announcement
PD -$1.27, O - $1.285, C - $1.33 GREEN DAY
19 September – 5th Well ready for testing
PD -$1.175, O - $1.18, C - $1.12 RED DAY

13 October – Set to acquire Large Gas Production Project
PD -$1.185, O - $1.31, C - $1.24 GREEN DAY
22 October – Red Fork Secures Access to Market for West Tulsa Gas
PD -$1.09, O - $1.08, C - $1.09 EVEN

26 October – 2 Rigs deployed announcement
PD -$1.05, O - $1.04, C - $1.05 EVEN

29 October – Strategic Acquisition announcement
PD -$1.05, O - $1.035, C - $0.975 RED DAY

24 November – Drilling underway at EOK Nth
PD -$0.965, O - $0.97, C - $0.95 RED DAY

26 November – 2nd Well spudded at EOK Nth
PD -$0.955, O - $0.96, C - $0.97 GREEN DAY
30 November – 1st Well results released
PD -$0.95, O - $0.94, C - $0.905 RED DAY

10 December – New Discovery at West Tulsa
PD -$0.92, O - $0.92, C - $0.89 RED DAY



Sounds all good......Just need the Share Price to kick in....Have a great weekend.
Wealth888