RFE series 2018-1 reds trust

Hi all,This article was published in Drilling Wire on 26...

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    Hi all,

    This article was published in Drilling Wire on 26 June.

    Important points to note:

    * The Wilma 1-16H is located ~6 miles west of our acreage in Noble & Payne Counties.
    * It was perforated and fracked in 12 stages at 5799-9348ft in the Woodford (below the ML)
    * This discovery is the FIRST Woodford producer reported in the 325 tests.
    * This is a horizontal Woodford test that produced an initial rate of 353bbls of oil and 262,000 cu ft of gas.
    * Extremely positive implications for RFE's strong acreage position in this area (ML & Woodford).
    * RFE have a position in ~75 sections and around 30,000 net acres in this area alone.

    This is equivalent to adding another 30k acres AND an entire new discovery beneath the ML!

    RFE
 
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