hi bignote
used figures purely from the lastest reserve upgrade.
if oil was at $100/ barrel then this figure would be higher.
the 2 recent comparisons have been estimates to show the value of RFE and the value in comparison to other "similar" companies in the US.
even though they are estimates, clearly shows RFE at the very least is probably trading at 1/3 of its real value.
the big question is why??
volume 2- west tulsa announcement., page-26
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