yeboz, unfortunately the Baillieus report has not been made...

yeboz, unfortunately the Baillieus report has not been made available to all and sundry.

as far as i am aware the report was sent to existing RFE shareholders and Baillieus clients, it hasnt been made available to the general public as such.

all RFE shareholders need to worry about is Ivan Ries very detailed CONSERVATIVE report that has a target of 80c and a LOW case valuation of 49.5c based on our current share base.

IMHO selling on a day like today 10c under a low case valuation sent out before we realised our first 4 horizontal wells were going to be drilled into 210 feet of Mississippian lime is poor judgement, sorry Zvoneboban if this makes you cringe, just telling it how i see it.

soredawg, you mentioned placement and SPP, more than likely correct, actually glad there has been some time between spud date and the issueing of shares, this has allowed the genuine believers to pick up cheap shares before the first well spuds.

article out today that RFE holders considering selling should look at.

"SCOTTSDALE, AZ -- /MARKETWIRE/ -- June 1, 2011 "
American Petro-Hunter, Inc.

(OTCBB: AAPH) (American Petro-Hunter or the "Company") wishes to update the progress of drilling activities currently underway at the NOM1H horizontal well located at the Company,s North Oklahoma Project.

The well is making good progress and should reach its engineered lateral depth within the next few days. The operator has informed the Company that during the drilling of the horizontal section excellent oil and gas shows were encountered. The Company is very pleased to report it has been advised of strong oil fluorescence; gassy oil shows and gas kicks which are regarded as very positive developments.

Subsequently, the Company wishes to advise that the probability for the well to be completed as a commercial oil and gas producer is considered high. Once the well reaches the target distance of the lateral leg, the well bore will be immediately swab tested and further evaluated.

The NOM1H well is the first of a planned series of horizontal wells designed to test and develop oil and gas in the 100 foot thick limestone Mississippi Formation.

Company President Robert McIntosh states, "We are extremely encouraged by the excellent oil and gas shows from our first horizontal well and couldn,t be more pleased by the efforts of our operator and their engineering team as the initial information from them is beyond our expectations. As the well approaches completion, we are certain the partners will expedite the final tests and evaluation in anticipation of our inaugural horizontal well production."

this well is based in Payne County not far from RFEs first proposed well site, these guys are excited with 100 feet compared to RFEs 210 feet of Mississippian limestone intersected and they are using 1600 feet laterals compared to RFEs 4000 feet.

nothings changed holders, still a super exciting project, must be getting awefully close to a spud date being released, hopefully this will include a big name paying some of the drilling expenses.
hiang in there!