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)