RCFEF Is Monday’s Oil Play!

On March 18, 2012, in Featured Plays, by PennyStockRumors.net

We can’t waste another minute teasing you for this alert, so we’re going to jump right into the details of this company, along with why we are choosing this play NOW, versus a later time.

Our new alert is:

RCFEF - Rainchief Energy


Rainchief Energy (RCFEF) says they are company “engaged in identifying, financing & developing oil & gas energy resource properties in North America.”

Oil? In America? Many people are not aware of the shift America has had from importing oil, to relying on ourselves for it.

The U.S. is currently the third largest oil producer in the world!

In the 1990s, the U.S. imported about two-thirds of its oil. Now we import less than half of it.

“For nearly 50 years in this country nobody looked for oil here and drilling was in steady decline. Every time the domestic industry picked itself up, the Saudis would open the taps and drown us with cheap oil” says Harold Hamm, CEO of Continental Resources, the 14th-largest oil company in America.

But the game is finally changing, and RCFEF is in a prime position with their “Gulf Jensen Project”

The Gulf Jensen Prospect is located in the southeast New Mexico portion of the Permian Basin. This area isn’t just a random piece of land - its an area that produces 17% of the United State’s crude oil and represents two-thirds of Texas’ current oil production.The New Mexico portion of Basin holds three of the 100 largest oil fields in the United States.

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.

Based on oil prices of the day, the well was abandoned…Maybe because it just wasn’t worth the time, energy and resources to access this oil.

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.

If RCFEF could get in there and grab that oil, they could be looking at a BIG increase in revenues!

These oil companies have to be “winning” with oil currently sitting at $107 a barrel!

These are recent developments and could make all that potential that we highlighted above come into fruition and turn into a massive project and series of gains for the company and could, literally, garner the attention of most of the market in this price range!

RCFEF is on point when it comes to getting this prized property acquisition locked down.

What we’ve done below is summarize, in chronological order their recent press releases from the year, showing the ultimate progress they’ve made in making all that potential production…theirs!

January 27th - LOI with Nueva Oil and Gas Corporation for RCFEF’s interest in the Gulf Jensen Project.”we are confident that RainChief will be able to conclude an agreement which will put the company in a position to participate in and benefit from this promising property”. Read the full press release here.

March 12th -  Agreement Concluded! This was execution of an agreement with Calgary-based Nueva Oil & Gas Corporation for a farm-in interest in the Gulf Jensen Prospect, an oil property located in Curry County, New Mexico. The Prospect includes 2,044 acres of oil and gas leases. Nueva is a Calgary-based oil company controlled by Norman Mackenzie. Mr. Mackenzie is founder of C&C Energia (CZE:TSX). This company trades at 9$ a share! Read the full press release here.

March 14th -  Company is using the expertise of their new “friend” to help them with the Gulf Jensen Project. What a better way to maximize their investment than with the professionals who have already been doing it! Read the full press release here.

We’re not just looking at what the company has to offer either. One of our good sources of information says that a handful of other newsletters will be profiling RCFEF as well! With the wind at our back from last week and an increase of awareness for RCFEF, we could be looking at a great way to start our week!

We probably don’t even have to tell you what to do next - make sure you are watching RCFEF tomorrow!

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