In 2 years time, no one can know MTN, but a reasonable guess would be $3-$4 in fair value on what we are now seeing with this copany's low share register, no debt,COH, cash flow positive into production with planned 20 wells by 30 June and another 20 wells by 30 December with immediate tapping straight into the spot market. The payback on these gas wells is estimated to be less than 6 months with production believed to be 20 years or more.
As one poster has already stated the pedegree and enormous popential of this company, being run by highly experienced oil men permanently stationed in Oklahoma, has certainly not been seen by the broader market at all.
As for the top 20, they now have 60% and will move to over 70% when options are exercised. Several astute big private holders in there.
RFE Price at posting:
30.0¢ Sentiment: Buy Disclosure: Held
