Bottom line for me is that nothing that has happened in the past month has made much sense for me.
There was a bookover after hours of almost 400000 shares @49.5c and seller still willing to sell @ 49.5c buyers @48c. 1,087,745 traded today including bookover. For most of that it traded down.
I dont see any negatives in the announcement except for West Tulsa.
What is surprising is that an article which can be obtained from the RFE website from petroleum new.net and it dated 13 May 2010 and a follow-up in June suggested that this new well had enabled the resource to be upgraded at West Tulsa. So were is that upgrade it looks more like a lower amount to me.
RFE Price at posting:
49.5¢ Sentiment: None Disclosure: Held
