Rainchief Energy Inc (OTC:RCFEF) is advancing up progressively these days. Yesterday, the stock added the next 3.45% to its 
price, while its traded volume decreased.
The most reasonable explanation on the climb appears to be the latest news by Rainchief.
At the beginning of this week, the company reported the execution of an agreement with Calgary-based Nueva Oil & Gas Corporation for a farm-in interest in the Gulf Jensen Prospect. However, the announcement failed to push up RCFEF stock price until Wednesday, when another piece of news was released.
The press release officially introduced the Gulf Jensen Prospect development partner of Rainchief, Nueva Oil & Gas. According to the announcement, the new partners will jointly develop the New Mexico-based property that holds 2,044 acres of oil and gas leases, expecting higher production results.
Apparently, this news was strong enough to encourage traders and RCFEF grabbed the up move. Now the company is trying hard to secure it by promotions.
Yesterday, Stock Stars promoted RCFEF for a compensation of $3,000 and now the result of the campaign is just about to be seen.[BANNER]
RainChief Energy is actively engaged in identifying, financing & developing oil & gas energy resource properties in North America. The company is a reporting issuer, though only selected financial data on RCFEF can be found online.
Unfortunately, the results are not promising at all. On the contrary, during the past years the losses of Rainchief have increased and the accumulated shareholder’s deficit flew up. At the same time, the company’s management listed a number of risk factors related to its business.
Among these are the history of operating losses, the need of additional capital, the investment in RCFEF common stock and some others, which are beyond the company’s control.
