good morning folksthought would do a quick comparison of oil,...

good morning folks

thought would do a quick comparison of oil, ASX 200 and RFE share prices in the past 2 weeks with a quick look at yesterdays announcement compared to the new Euroz coverage.

using closing prices on 4/10/11 and figures as they current stand.

oil- right now WTI oil is at $86.38/barrel, held up well compared to rest of market last night, down .48%.
on 4/10/11 WTI oil closed at $75.67
so to current prices in the last 2 weeks oil has increased by 14.15%

market- using ASX 200, futures at 4214, close on 4/10/11 3823, factoring todays lower open, market is still up 10.22%

RFE- close on 4/10/11 of 47.5c, looking to currently open at 47c, a decrease of 1.05%

summary
oil up 14.15%
market up 10.22%
RFE down 1.05%

in this time we now know the Tahara well is going to be perforated and fracture stimulated ahead of schedule??, Abunda well has encountered natural fracturing in the productive level that is more pronounced than the Tahara well and that this high level of fracturing is indicative of high deliverability and is a feature of some of the most productive wells in the PLAY.
we also now know the current drill rig is being moved across to Noble County to commence operations there.

so we will have 2 rigs operating at the same time instead of just the one, Noble County drilling going to be underway, Tahara is currently being fracture stimulated or is about to commence and Abunda well is showing natural fractures indicitave of some of the best wells in the play.

all of this points to RFE being vastly undervalued, imho.

a few other comments relating to the announcement yesterday compared to Euroz coverage.

without a doubt, Euroz clients are getting far more info than the general market is receiving.

Euroz report has timelines for flow rates for Tahara, completion of the Abunda well and commencement of drilling in Noble county, none of this mentioned in the announcement yesterday.

Euroz report also mentions large oil filled nature fractures and possible ratios of oil to gas.

general market seems to be getting a far less bullish approach from DP than Euroz coverage is suggesting.