Flow test results conclude a 300% increase in Production potential �� 300,000 cubic feet of gas per day per well achievable (300Mcfd) �� Tests confirm low production costs with 50 feet of the Woodford Shale intersected at shallow depth (only 550 feet) �� 100% owned leases secured for 50,000 acres – very favourable terms �� 100% owned Sales Infrastructure completed, providing direct market access �� RFE Debt Free. Future production able to fund future project development
Furthermore, RFE is in an excellent position to maximise revenues, owning 100% of the ‘Tap’ (connection) into the sales pipeline, providing critical control of the direct market access.
East Oklahoma (Woodford Shale) discovery has the potential of up to 25 trillion cubic feet of gas in place.
And not forget it's highly recommended as a 'buy' target sp within 12 months 2.50
RFE Price at posting:
61.0¢ Sentiment: Buy Disclosure: Held
