Report on RLE

https://www.breakawayresearch.com/Ca...hWvTF3eg%3d%3d

Real Energy has a very large gas accumulation in the Cooper Basin, where appraisal in 2018 aims to establish commercial reserves. There are MoU’s with Santos to process gas, and with Weston Energy to buy up to 18 PJ over 5 years. None of this is receiving attention in the equity market and RLE is a very cheap option on the upside from reserve bookings and future development. Drilling and testing in 2018 could drive a multi‐fold re‐rating.