buyers, page-19

"Dis

I could start with RFE having 3 x the acreage to AOK (provenm / prospective)

What was the revenues for AOK in the last qtr?"

Not sure what 3 times the acreage has got to do with it. Its the reserves which count. RFE 2P reserves are valued at $280million according to the last AGM. Contrast with AOK which has 2P of 7 million bbl --> approx $350M net. I also expect the reserves will be upgraded significantly so the gap widens unless RFE has aquired alot more reserves since the last AGM?


As for revenue, RFE March quaterly stated $712K net. I'd expect AOK to be similar/better given that they were already producing 200BOPD in their Dec Quarterly (like RFE there is a time lag to receive revenues). Quarterly will be out ant day now.