RLE- REAL Energy --Cooper basin-- Nat Gas

[Hectorplains]

BCGA plays are among the more economically important unconventional gas systems in the world. They are made made up of pervasive, basin-wide gas accumulations trapped in low permeability rock. In the US alone, basin-centered gas accumulations provide 15% of the country's annual production, equal to 4 tcf/year.

Is interesting looking at some of our peers of course in the CSG space like GAS.asx 128mill market cap !!
close to pipeline like us. in QLD

Ended up getting some RLE -8.9c-9c today to go with my OA's

The problem for RLE is that their models predicted flow rates of >3 mmcfd (as was released in the much trumpeted broker's report.) Having stuffed up Tam 1 and now overestimated Tam 2... what confidence of higher flows from Tam 3? Heads ended slightly in the red today, the markets not sharing Scott's 'good result' sentiment. My conviction around this is waning. OA's are looking shaky. What chance another CR looming...

[Hectorplains]

What chance another CR looming...

...and so it did.