The Company reported that more than 100% increase from the previously announced production levels; typical wells in the project expected to pay-out in approx. 3 months
No finance needed for further expansion - critical in todays economic environment.
4 mil p.a (on one well only) at 65c per barrel (more scope upwards for revenue to increase as 65c can be considered rock bottom)
Prospect buying into RFE big time. With any large selling you would expect price to go down but RFE have done the opposite
Production potential upgraded, with up to 20 well locations identified
brokers all around agree RFE valued at $3+ (not including the upgrades as yet)
try find me a better stock/company to put my money in (near nighe impossible)
not ramping etc...just stating the facts as we all know.
as per previous (much more upside here than down) - all indicators point to a bull - all recommendations based on technicals and fundamentals have this as a strong buy
RFE Price at posting:
$1.24 Sentiment: LT Buy Disclosure: Held
