RFE series 2018-1 reds trust

trading halt, page-8

  1. 7,312 Posts.
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    kbear1, almost certainly a credit facility, and going on the wording its not an acquisition, more likely expanded drilling progam.

    would be highly unlikely to be expanded on gas assets for the time being, so leaves West Tulsa.

    likely to be horizontal drilling, mention of majors going for liquid rich targets in the AGM, but with our cash on hand probably being just over $4 million, we may have needed to secure funding before we could go down this path.

    all guess work kbear1, but like you, am eagerly waiting for the follow up news.
 
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