RAI raisama energy limited
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quarterly update

  1. macky17
    225 Posts.
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    03/05/11
    12:11
    Post #: 8345267
    seems to be not much interest yet in this stock.....

    RAI bought Peak Oil & Gas recently with it's Cadlao development and RAI's update in April mentioned first oil in 2011 and 6 mmstb 2P reserves....

    RAI's 50% stake in Cadlao is worth ~$80million NPV according to RAI.

    current mkt cap is only $35million, including all the Uranium assets.


    ~ $6.5 million in bank as of 1-apr and $20million debt facility secured for the development. seems healthy
    RAI Price at posting: 13.0¢ Sentiment: Buy Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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