A Rantpresently tending to think along with market that RFE are...

A Rant

presently tending to think along with market that RFE are not focused enough..

Tie in of 20 wells was advised in May to occur, we are still waiting its october !!?!!? They are supposed to happening in 20 well increments. Where is this or any other activity?!!?

Share price is failing due to lack of real progress, lack of communication and commitment to set and meet clear objectives and milestones, no clear indication of how company positioned financially. Actions seem to just meander and / or dissappear from view.

No new wells have been announced as drilled, tested or completed in eok for Months...why ?

My other comment is, why is Prentice the only focus where are the other RFE mgmnt and ops people? what the ^*&k are they doing? Who is driving activity???????????

AaaRrrrghHhhh

Having trouble getting strategy across?? That's a concern, another is the lack of any progress against strategy, and lack of aggressive actions to drive results.


RFE talks about a 1000 well potential and they have drilled about 30 in 3 years - give me a spell - the gulf between strategy and reality continues to widen the longer we have no execution.

Another strategy-

yes yes yes lets re-visit the strategy, because there's been way too much time elapsed not delivering against it, so now let's waste more time recutting it again and spend more $ and time on roadshowing it, and pulling in a few fresh investors, that way there is no need to actually DO anything.

If RFE wants to sell, what about asking for EOI's, or talking to some M&A people, no point waiting for a white knight/prince charming type to ride in and discover the potential, our white knight is currently in another land, probably not too far away, where the noise of lots of drilling and resource development has attracted their attention.

RFE has charms - but they are not being well presented and I am not sure if I haven't over-rated her potential and/or the team who are getting her ready for her debutant ball.

A major lift in visible activity will have a profound effect

What can we do to help RFE ? I would prefer to use critical analysis for positive rather than negative