Digatrade Financial Corp. (DIGAF)

[jedijazz]

Let me breakdown RCFEF and bring you all back to it`s roots quickly.

In the late 1970?s Gulf Oil leased a significant acreage block in Curry County, New Mexico for drilling the Gulf Jensen Prospect.

With the drilling and testing of Pennsylvanian oil in the #1 Jensen, Humble Oil (now Exxon) entered the play, leasing several thousand acres to the north of the Gulf leases.

The #1 Jensen open hole logs defined a Pennsylvanian reef from 6,490? to 6,530?. This zone was tested resulting in gas, 10% oil and formation water with excellent flowing pressures. Based on oil prices of the day, the well was abandoned as being non-commercial.

In the early 1980?s Gulf Oil was dismantled and Exxon chose to move the majority of its operations offshore.

As a result, there was no more drilling on the original Gulf and Humble acreage blocks.

However, at today`s oil prices, and by selectively perforating the oil portion of the reef, the well would produce highly commercial oil.....


Read more: http://thestockmarketwatch.com/newsletters/2012/03/19/rcfef-breaking-news-barcharts-upgrade-our-technical-alert-to-a-strong-buy/#ixzz1qG551Rsf