Rangeford Resources Inc. (fka RGFR)

[roger wilco]

If RGFR would offer a dividend from the revenues derived from the working well interests of the East Texas Oil field investment this would be a $20+ stock. RGFR probably could do a S1 offering from there and buy out the balance of the 3.9 million dollar note.

just a thought.. all imo.

Purchase and Sale Agreement


On November 15, 2012, Rangeford Resources, Inc. (the "Company") entered into a Purchase and Sale Agreement (the "Agreement") with Great Northern Energy, Inc. ("GNE") to acquire a substantial non-operating working interest in oil assets in East Texas in consideration for a Purchase Price of $3,900,000 ("Cash Portion") that breaks down into a deposit of $100,000; a Promissory Note in the amount of $1,100,000 bearing 8% interest per annum, which is due and payable in full, twelve months from the date of the Note, with four equal quarterly payments due beginning on closing; a Promissory Note in the amount of $2,700,000, due on June 30, 2014,with initial payment of $1,200,000 due on closing, and secured by the assets being purchased under the Agreement. Both Promissory Notes are secured by a Pledge and Security Agreement that grants a security interest in all of the working interests and options of the Company and any proceeds resulting therefrom to GNE; additional consideration consists of 6,500,000 shares of the Company's common stock, and an additional 3,500,000 shares of common stock is reserved for roll-ups and bonuses. The properties included under the Operating Agreement, described below, hold over 100 proven undeveloped oil locations and as many rework wells at depths above 3,400 feet, with lifting costs estimated at $13.00/BOE or less on the currently producing wells