The CR was messy. That though doesn't mean there's not gas. Look at what Santo are doing close by. It will take longer than a couple of months though. I wouldn't worry too much about the howler monkeys on HC :eek2:
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The Gas production + reserves will certainly do the talking ... So many micro-cap miners O&G have been getting smashed of late seems all the heat has just headed towards some of the E.V buzz ...
> it's going be a Brilliant October for RLE IMHO long time waiting but it's going be well worth it when the SP goes vertical on flow rates and in turn booking reserves.
Plan to buy more ...gutted I didn't have spare funds for recent 6.9c lows
mark my words coming into Xmas we will have Doz's more posters ramping $1 Targets which is fine by me esp as RLE has the potential
Yes but just look at the share structure Mgmt hold a huge chunk of shares its in there best interest to get the SP higher ...
the Cap raising was a mare I agree not happy myself esp. on the amount of free opts the instos get compared to us retail S/Hs .. still the upside when you compare to the likes of peers STX-GLL with 140m-149mill market cap values compared to our 23mill !!!
RLE actually has a better chance of near-term Cashflows as are well are only 13-14kms to STO pipeline and which we have an MOU agreement with STO and Buyers all ready to go ...
It's looking like its all going come together very nicely ... then watch the same insto's that got shares cheap to drive the SP well north along with retailers fighting to get onboard ..30c should well be crossed before the years out then its all going depend if STO want to take us out (likely) and how many more wells we can drill and reserves we can book ...
Third, we will back investment in baseload generation to retain supply and encourage competition. We will force divestments if necessary. Opening up our abundant natural resources – gas, coal, water and the sun – will ensure Australians receive the cheapest and most reliable electricity.
Angus Taylor is the federal Minister for Energy AUS
https://www.angustaylor.com.au/media...ving-customers
https://www.smh.com.au/business/mark...03-p507hn.html
Have everything crossed that flow is great , still holding original parcel, not adding;high risk high reward punt money. imo.
Talk around upwards 50% increase in east coast gas spot prices during 2019 ...now if that's true image the already bullish sentiment
.. In emails with RLE MD Scott Brown, he believes RLE holds better acreage than the likes of GLL-STX that command 500% higher market caps ...
Now, of course, he's going be bias as one of the biggest S/H's and MD of the company ..but he does make sense IF the lastest drills prove commercial gas-flows(the others still pumping water!!!)
Some reading -https://www.nextoilrush.com/company/rle/
I higher recommend to go and view the last General meeting presentation .. good page showing the difference between the peer east gas plays GLL - STX - BUL - RLE .... the latter two where I will continue to invest more funds
Thanks for sharing JB.
No stress my OCT goal is to have 60-70% of my O&G funds in BUL with 30% in RLEOA's or the OB options .. I think that would be a good risk -reward ... as I don't see BUL hanging around sub 10c for long and if RLE mgmt are correct and we see 3mmcf+ flow rates each from T2-T3 then 400-500% gains just in the head shares which should see opts 800%+
For those that haven't read the recent ann>>
https://smallcaps.com.au/real-energy...indorah-wells/
Cheers JB, heres a 41c valn (current price 9.7c). Holding not buying, and hoping flows on cleanup are good plus.Fingers crossed on this risky gas explorer to producer play.
http://www.realenergy.com.au/images/2018/v5/Real_Energy_Limited-26_October_Report_2018.pdf
Btw i forgot about the bonus 1 for 5 options which are coming in to play nicely, xtra cream:)
Yes I’m loving the talk from mgmt and the videos of the gas flares .. I understand the 41c target is conservative esp if we get higher flows than expected... holding 633k of the OAs 30c would be brilliant Xmas present