I really like the sentiment around punching 500 holes in the ground in the next 12 months....
For my peice of mind things are moving far too slowly... It would be great if managment could give us more of an outline of what they are doing...
Understandably its pointless to go and drill 500 wells if you do not have the capacity or infrastructure to tap it into the market...
It would appear that there is more effort at the moment on improving infrastructre as opposed to drilling holes...
No doubt Managment would have a much clearer idea today of the best way forward... And will be working to a different plan to what they started with 12 months ago...
Considering the works completed over the last 12 months... I would have thought that an invasive drilling program would have already started???? ie 5 to 10 a week....
Either way... Im still buying at these levels...
RFE Price at posting:
58.0¢ Sentiment: Hold Disclosure: Held
