buyers are back, page-27

whether they get taken over isn't the issue.
It's WHEN will they get taken over.

I hope they have drilled and are producing from 400+ wells before it happens.

You mentioned it would take 166 producing wells at 300Mcfd to reach the 50MMcfd comparison.

Well thats only about 28% of the potential of EOK and thats the scary thing.

By June 30 we should have 10 wells capable of producing 300Mcfd, which equates to 3MMcfd

Based on comparisons of US$35 and US$41 for a T/O
we get US$105 and US$123 or 140m to 164m market cap AUD

Divide that by 107m shares and you get a share price of $1.31 and $1.53

Current price 55.5c


Footsie, RFE will be profitable before 2 years and in 2 years the share price should be in multiple dollars.