holes and mystery, page-2

Hi MGM1a,

Please refer to RFE's announcement on the 8/8/08 regarding the JV deal that you mentioned. That answers that question.

Regarding your query about RFE forecasting June 2009 as having revenue of 19 mill you will find that they mean June 2010. So far they have released their 2008! half yearly in March 2009 so they still class June 2009 as their 2008 revenue for that forecasting methodology.

They then state 2009 revenue as being around 15+ mill as their goal.

This financial year they will achieve 4-5 mill revenue which is in line with their forecasts as well.

It does initially look confusing so i can see what you mean.

By the way in my previous post I was simply trying to determine how fast they will be drilling wells. I have also emailed them for an answer on that so hopefully i will get a reply.

I do know that they are looking to fast track the project on the back of their latest success at EOK but how fast is anyones guess.