quarterly update

seems to be not much interest yet in this stock.....

RAI bought Peak Oil & Gas recently with it's Cadlao development and RAI's update in April mentioned first oil in 2011 and 6 mmstb 2P reserves....

RAI's 50% stake in Cadlao is worth ~$80million NPV according to RAI.

current mkt cap is only $35million, including all the Uranium assets.


~ $6.5 million in bank as of 1-apr and $20million debt facility secured for the development. seems healthy