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  1. #1
    Legend JBmurc's Avatar
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    Default RLE- REAL Energy --Cooper basin-- Nat Gas

    -Market cap- 19mill
    -cash 6mill end of march
    SP- 8.5c

    Significant gas resources: Independently Estimated Total Mean Gas in
    place amount to 13.76 TCF and maiden 3C gas resource of 672BCF.

    May17-Research report target price 16c

    http://www.realenergy.com.au/images/...eal_Energy.pdf

    Real Energy (ASX: RLE) is a simple, straight-forward shot at gaining exposure to a potentially large onshore gas resource in Australia.

    We’ve been tracking RLE, and its chances of hydrocarbon success over the past few years.
    In our last update, ‘RLE to Frac in Coming Days as M&A Activity Hots Up’, published around this time last year, RLE was gearing up to begin an extensive fracking program.
    Since then, RLE has confirmed a significant gas discovery in the Cooper Basin and is continuing to progress exploration and development activities at Windorah.

    The pieces are coming together as RLE works towards commercialising its project.
    In late January, RLE recommenced operations at the Tamarama-1 well and has successfully brought the well on with intermittent free-flowing operations.
    Tamarama-1 is proving up the Basin Centred Gas concept and is a key step in RLE’s efforts to commercialise the Windorah Gas Project.

    RLE is now witnessing a stronger and faster build-up of pressure and more gas flowing to surface from Tamarama-1. It intends to continue to flow the well to enable it to collect and determine reservoir performance data as it works towards commercialisation.

    Its non-binding MoU with the $7.5 billion capped Australian mining giant Santos to supply raw gas from Windorah to be processed into sales gas and then be supplied to the east Australian gas market is a big step forward for the company.

    Santos and its joint venture partners have gas processing facilities at Moomba in South Australia and RLE and Santos, as Operator of the Moomba gas plant, have agreed indicative terms for gas progressing and transportation services.

    The terms of the agreement form the basis for a subsequent formal binding agreement which could inevitably support the economic development of the Windorah Gas Project.
    RLE has also agreed in principle to swap geological data for its wells for geological data for a nearby well drilled by Santos.
    The MOU with Santos could give RLE a clear pathway to commercialisation without the need to build an expensive gas plant and other associated infrastructure.​
    Sell the hype, buy the fear. Always second guess the sentiment but trust in the fundamentals

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    Good one JB.An Aussie friend is into this. Ive decided i have to sell a few before i buy anymore stocks , atm far too many but this and BRU and OEL i think it is, are on the list.
    Last edited by Joshuatree; 28-06-2017 at 11:16 PM. Reason: many

  3. #3
    Legend JBmurc's Avatar
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    BRU OEL nasty downtrends ....but should see a bounce into JULY/Aug after tax loss season ends any day now... but where they go from there ?

    I'm sure lot to do with the OIL price ,,,, AWE , HZN , TAP some others that would fit the same mould .....real bad market sentiment i this sector


    But not so for the Aus east coast gas market ... pretty much the dead opposite ... BUL continues to charge >>> RLE could well be the next to double IMHO
    Sell the hype, buy the fear. Always second guess the sentiment but trust in the fundamentals

  4. #4
    Legend JBmurc's Avatar
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    Got my fill today @8.4c ....great to see it close the day @8.9c big Gap in the depth
    Sell the hype, buy the fear. Always second guess the sentiment but trust in the fundamentals

  5. #5
    Legend JBmurc's Avatar
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    Ended up taking a quick profit sold @ 9c for $800+ profit for the overnight hold .... will be keen to get back on board again soon
    Sell the hype, buy the fear. Always second guess the sentiment but trust in the fundamentals

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    Great stuff JB; reminds of a once favourite clever, jazzy/rock ,hilarious,dirty album ,Overnite Sensation by Frank Zappa.

    Frank Zappa - Overnite Sensation - YouTube
    Last edited by Joshuatree; 01-07-2017 at 02:28 PM.

  7. #7
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    Brown said that he expected to provide an update on gas sales agreements in the near term, a potential share price catalyst for a stock that brokers see as undervalued.
    Given RLE is debt free with $6 million in cash, producing assets, an important MOU with Santos and the prospect of near-term domestic offtake agreements, its enterprise value of $14 million (market capitalisation: $20 million) appears well below fair value.
    Broker views Real Energy as a potential ten-bagger​


    Analysts at Hunter Capital Advisors have a high opinion of RLE. The broker’s current valuation of 16 cents per share represents a premium of more than 80% to this morning’s opening price of 8.7 cents.



    Back in for even more this time 8.6c .....
    Last edited by JBmurc; 03-07-2017 at 03:24 PM.
    Sell the hype, buy the fear. Always second guess the sentiment but trust in the fundamentals

  8. #8
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    Default 8.1c close !!!!

    Less than a fortnight after Real Energy (ASX: RLE) informed the market that it was witnessing a stronger and faster build-up of pressure and more gas flowing to surface from its Tamarama-1 well located in the Cooper Basin of Queensland, prominent institutional investment house, Credit Suisse Holdings (Australia) Limited has emerged as a substantial shareholder with a stake of just over 5%.

    FinFeed noted in June that any news regarding gas sales agreements should on balance be a share price catalyst, particularly given the fact that some analysts see the stock as significantly undervalued.

    Hunter Capital Advisors initiated coverage of the stock in May, saying, “As the company matures its 2C resource into reserves, we believe the stock will rerate with its valuation increasing to 52 cents per share on a 50% risk weighting”.

    The broker currently values RLE’s 3C resource alone at 38 cents per share and expects significant share price accretion as the company builds on this resource.

    As highlighted in the FinFeed article, and supported by the following projections out to 2036, the supply/demand dynamics for Cooper Basin gas, particularly in terms of supplying Queensland’s eastern seaboard hubs should work in RLE’s favour.


    https://finfeed.com/energy/rle/credi...ergy/20170706/
    Sell the hype, buy the fear. Always second guess the sentiment but trust in the fundamentals

  9. #9
    Legend JBmurc's Avatar
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    Default hit a high of 10.5c before idot selling pressure pushed it back to pre ann lows

    Real Energy secures gas sales for Windorah
    July 17, 20174:19pm

    Newsbites Finance
    Real Energy (ASX: RLE) has secured sale of gas from its Windorah Gas Project in the Cooper Basin, Queensland, with a 15% surge in its share price in the first half hour of trading.
    The company has signed a non-binding memorandum of understanding with Weston Energy Pty Ltd.
    Weston Energy is a gas retailer created by Weston Aluminium Pty Ltd, an established privately owned manufacturing company. The group is cognisant of the importance of having access to a competitively priced gas supply, and the agreement with RLE aims to secure energy supply, a crucial factor in continuing to operate at optimum efficiencies.
    The MOU represents a significant step towards signing a binding gas sales agreement between the two parties, covering the purchasing by Weston Energy of 3 petajoules of gas per year for a period of five years.
    Management noted that a future binding gas sales agreement would be subject to a number of conditions, including the client finalising gas transportation arrangements.
    Weston Energy will make a prepayment of $6 million, which will give RLE additional financial flexibility to execute future field development activities.
    This agreement also allows RLE to convert its 2C and 3C resources into reserves, upgrading the valuation attributed to its assets. An independent petroleum engineering group has assessed the 3C gas resources of the project at 672 billion cubic feet of gas.
    Institutional investor Credit Suisse sees the company as representing good value having recently emerged as a substantial shareholder with a stake of circa 5%.
    Analysts also have a positive view of the company with Hunter Capital Advisors initiating coverage of the stock in May with a buy recommendation and a valuation of 38 cents per share attributed to its 3C resource, which it expects will increase to circa 52 cents per share as resources are converted to reserves.
    With RLE having 100% ownership of three large permits in Queensland, initially focusing on the Toolachee and Patchawarra formations, well known throughout the basin for holding and producing gas, it is positioned to take advantage of increasing demand from East Coast users.
    As RLE has already completed substantial seismic interpretation in conjunction with existing petroleum well data it has positioned itself to take advantage of this acreage with strong news flow expected over the next 12 months.
    This should also be complemented by further developments regarding commercialisation of the Windorah Gas Project with managing director Scott Brown looking forward to providing further updates on additional gas sales agreements.
    While Weston Energy is the foundation customer for the Windorah Gas Project, RLE has already forged important relationships in terms of progressing this initiative, including the signing of an MOU with Santos for Windorah's gas processing.
    finfeed.com: Trevor Hoey
    Sell the hype, buy the fear. Always second guess the sentiment but trust in the fundamentals

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    Yes may the good times roll

  11. #11
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    I sold out av around 9.5c into the run yesterday, but weird price action to drop so far back. Has this become a hotcopper plaything already?
    Disc holding - ARV, ATC, CVN GOR, NMT,

  12. #12
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    Not sure shasta..RLE looks briliant all we need is commercial flow rates and it will be on its way towards 50c+
    gutted on family holiday in Auckland and didn't get to the net till later in the day ....had I been around at open I would have sold half @10c

    And would for sure been Buying back in at these levels ...
    Sell the hype, buy the fear. Always second guess the sentiment but trust in the fundamentals

  13. #13
    Divorced from logic Hectorplains's Avatar
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    Yeah, who'd have thunk it? The depth suggests a real chance to pick up in the shallow 8's tomorrow morning.... and that's what I'll be doing!
    One chord wonder.

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    Quote Originally Posted by Hectorplains View Post
    Yeah, who'd have thunk it? The depth suggests a real chance to pick up in the shallow 8's tomorrow morning.... and that's what I'll be doing!
    Yes only Negative I could see keeping buyers away would be no recent update on dewatering Tamarama-1 ...longer it takes more holders worry and buyers sit on their hands >> yet with recent ann's I find it hard to believe of any major issues....

    still till the update many will wait>> even I have spare funds after taking some profits in MGX today ,,we get good Tamarama ann>> and I'll be adding to my already large interest >>
    Sell the hype, buy the fear. Always second guess the sentiment but trust in the fundamentals

  15. #15
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    Quote Originally Posted by JBmurc View Post
    Yes only Negative I could see keeping buyers away would be no recent update on dewatering Tamarama-1 ...longer it takes more holders worry and buyers sit on their hands >> yet with recent ann's I find it hard to believe of any major issues....

    still till the update many will wait>> even I have spare funds after taking some profits in MGX today ,,we get good Tamarama ann>> and I'll be adding to my already large interest >>
    Jumped in today, mid 8's. Can't see it lingering here for much longer.
    One chord wonder.

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