This is from the bull newsletter:Russell Krause, NOVUS...

This is from the bull newsletter:

Russell Krause, NOVUS CAPITAL

BUY RECOMMENDATIONS

Red Fork Energy (RFE)

Red Fork Energy is an emerging coal seam gas and oil producer, with assets in the US state of Oklahoma. It has an experienced US-based operating team, and cash in the bank. It just announced the underwriting of options due to be exercised at the end of April. This will provide another $3 million in cash. Coal seam gas producers are generating significant market interest. If one applies the same valuation model to Red Fork, as being used in the Pure Energy takeover, then we arrive at a value of $8 a share.