Interesting 6 weeks

Usual time frame for RBL post reserve report seems to be 4- 6 weeks

AOK have indicated they hope to have the pipeline up and running this quarter

By my calculations, RFE will be just about out of cash by the end of the quarter.  AOK would be mad not to try and secure some of their acres.  While I hope they only pitch for a few acres, there is probably enough dry powder to do a script for script take over, pay out the expensive credit facility, renew some leases, and keep drilling.



RFE Debt = $90 Million (approx)
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AOK RBL = $30 Million likely
RFE RBL  = $45 Million liklely (they had a $45 Million facility before current high interest funding arrangement)
AOK placement = $40 Million possible
AOK cash on hand = $10 Million
Total = $125 Million
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Surplus funds for drilling and renewing leases = $35 Million