location and technique, page-2

Dis
RFE has 75000 net acres in the ML and these are very well positioned and are (as with AOK) on the east of the Nemaha Ridge and are surrounded by Devon mostly and also by Range, which proves the quality of the tenements they hold.

The latest valuation from Euroz is for $1.50 (now .69) when they have drilled the minimal number of wells needed to hold their prospects by production. After that there will be a re rating. They are also looking to expand their holdings when the opportunity presents. They will be ramping up drilling in 2013 with 3 rigs working, so a big year ahead.

Unfortunately, liike many others, they have been manipulated badly by the bots and the sp held back for the last 4-5 months for whatever reason. Absolute frustration!!

Once the production figures start to increase markedly it is hoped to break the grip it has been in, just starting to happen now.

Think AOK has a tremendous amount going for it and have recently bought in at these very low prices. Great company with an exciting future ahead I reckon. DYOR

Disc: Hold RFE AOK