the "possible strategy" post is just that, half my opinion, half based on what other major players in oil and gas in the US are currently doing, hopefully management will be heading down this path.
been sitting here in Adelaide staring at the lack of action on RFE and decided to revisit the RFE, AUT scenario again just for something to do.
AUT- total equity $54,584,000 NPV10 on 2P reserves $190,100,000 total $244,684,000
total shares on offer 278,365,342
this equates to 87.9c per share based on equity and reserves.
AUT current share price $1.42 so they are current trading at 61.54% premium above equity and reserves combined.
now RFE
RFE- total equity $ 46,254,896 NPV10 on 2P reserves $ 158,700,000 total $204,954,896
total shares on offer 139,535,000
this equates to $1.47 per share based on equity and reserves.
now if RFE where trading at a 61.54% premium to equity and reserves like AUT, RFEs share price should be $2.37
RFE is currently 45c, anyone see the glaring difference?
RFE Price at posting:
45.0¢ Sentiment: LT Buy Disclosure: Held
