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  1. #16
    Legend JBmurc's Avatar
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    Quote Originally Posted by Hectorplains View Post
    Jumped in today, mid 8's. Can't see it lingering here for much longer.
    Yes if we get a good ann on Tamarama-1 then I could see the SP double >>> compare market values to the likes of STX and BUL ....RLE should well catch up soon
    Sell the hype, buy the fear. Always second guess the sentiment but trust in the fundamentals

  2. #17
    Divorced from logic Hectorplains's Avatar
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    Quote Originally Posted by JBmurc View Post
    Yes if we get a good ann on Tamarama-1 then I could see the SP double >>> compare market values to the likes of STX and BUL ....RLE should well catch up soon
    Could be that it's catch up time now. Up 20+ % today. Chart looks strong.
    One chord wonder.

  3. #18
    Legend JBmurc's Avatar
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    Yes Very nice and so much more to come I see the M&M guys talking up RLE as a 10 bagger potential
    Sell the hype, buy the fear. Always second guess the sentiment but trust in the fundamentals

  4. #19
    Divorced from logic Hectorplains's Avatar
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    Quote Originally Posted by JBmurc View Post
    Yes Very nice and so much more to come I see the M&M guys talking up RLE as a 10 bagger potential
    Exposure to the impending Aust. gas 'crisis', be it through Blue, Real or others , is not just ginchy but backed up by solid FA. Fun times!
    One chord wonder.

  5. #20
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    Quote Originally Posted by Hectorplains View Post
    Exposure to the impending Aust. gas 'crisis', be it through Blue, Real or others , is not just ginchy but backed up by solid FA. Fun times!
    Yes glad I grabbed a few more at their recent lows .... so very undervalued to peers STX BUL COI etc
    Sell the hype, buy the fear. Always second guess the sentiment but trust in the fundamentals

  6. #21
    Divorced from logic Hectorplains's Avatar
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    Quote Originally Posted by JBmurc View Post
    Yes glad I grabbed a few more at their recent lows .... so very undervalued to peers STX BUL COI etc
    I'm holding BUL and RLE. I'm thinking about COI too. Good takeover potential for all three.
    One chord wonder.

  7. #22
    Legend JBmurc's Avatar
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    Quote Originally Posted by Hectorplains View Post
    I'm holding BUL and RLE. I'm thinking about COI too. Good takeover potential for all three.
    Yes majors like STO will want to secure more Gas for their own contracts ...etc .... personal IMHO RLE will reward the most % wise ..but all will rise
    Sell the hype, buy the fear. Always second guess the sentiment but trust in the fundamentals

  8. #23
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    Default Got from a HC poster-dollar@51 /...... really backs up my position RLE will break 50c

    Mr Scott Brown emailed this response to our email yesterday and We thank him for taking the time and courtesy to reply.

    Good Luck All


    We feel it is the best interest of the Company to raise capital at this time. This will allow us to accelerate our program and give us circa $9M to fund the drilling of 2 wells. Gas projects are very capital intensive to bring into production. Our company has used comparatively little capital to get where we are with a contingent resource of 672 Bcf. We are very efficient in how we run the business. We see a great opportunity over the next three years with the gas market and we need to move now. While we may have some short term pain the Company will get re rated particular if we can get into production, which we are very confident about. Also, we will be able to move our contingent resources into reserves, which would move the dial big time.


    The board was not willing to sign up to a drilling program until we had the funds in the bank. This placement gave us enough funds to commit to this program. We could do what a number of other listed companies in the sector - that is sit on their projects and not do any field work (ie Blue Energy) but our view is to have a go. We are not a lifestyle company. We see 2 wells as probably the minimum for the program.


    In recent times we have thought about the best way to advance our existing project. After considering many options include a full takeover for the Company, we believe the current raise is the best way forward in that it gives us certainty, is the least dilutive and gets us to our medium term objective of production.


    I should also mention that I am the biggest single shareholder in the Company. I have lots of incentive to see a higher share price. While directors can not participate in a placement, I have recently asked the board for approval to buy shares on the market. I intend to top up if the price comes down to 9 cents.


    Kind Regards
    Scott brown
    Sell the hype, buy the fear. Always second guess the sentiment but trust in the fundamentals

  9. #24
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    Good to see the soild bounce off 8.9c lows today to hit a 10.5c high ....really going depend on the news flow(which could be pretty stale) ..as unlikely to see the two new wells getting drilled till after the rain season now ..

    9c Cap raising insto overhang will certainly cap RLE movements for this year IMHO ...

    IMHO if it wasn't for the CR RLE would be trading around 13-14c (just look at BUL)

    A Great Mid term BUY n HOLD ...

    disc- sold a third today(but will buy on weakness closer to drill date)
    Sell the hype, buy the fear. Always second guess the sentiment but trust in the fundamentals

  10. #25
    Divorced from logic Hectorplains's Avatar
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    Quote Originally Posted by JBmurc View Post
    Good to see the soild bounce off 8.9c lows today to hit a 10.5c high ....really going depend on the news flow(
    Yep, a lot depends on Tamarama 1 gas flows. Confirmation needed that the plunger lift is increasing flow (of gas not water!)
    One chord wonder.

  11. #26
    Legend JBmurc's Avatar
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    Sell the hype, buy the fear. Always second guess the sentiment but trust in the fundamentals

  12. #27
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    Thanks JB; we are well positioned and i have a bag of marshmallows handy

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