post suspension....what is it, page-7

Hi Novac,
My opinion is that every move that RFE management have made over the last year has resulted in an increase in shareholder wealth.

I would say that they are not after a producer, but someone who has established infrastructure. Someone with established holding facilities, established distribution channels, or even established taps.

Now, only a established producer would have that type of infrastructure.
If we were to acquire someone with established infrastructure, it would mean that they are in business today.
We would effectively be acquiring an operating business. This would mean that we would be having additional cashflow, but more importantly established infrastructure.

Gentlemen and others, this is how small businesses (if you can call $150m a small business) turn into very large businesses.

Out of all of this RFE will emerge a stronger bigger company with additional cahsflow to fund more wells more quickly.

Every move that management has made so far has been tactically calculated and has resulted in growth. This will be the same.

On another matter, Chess is due for another 12 month target upgrade for RFE. I will put money on the upgrade coming in the 3rd week of September!

Obviously all this is partially speculative and DYOR - lol!