If this does come in with 3mmscf/d , and the EUR per well proves good on extended flow tests , it should blow a lot of Qld CSG projects out of the water .
Where does this leave us and what are the remaining risks ?
Is there any way of knowing whether Real's acreage is amongst the best in the Windorah Trough ? Why have they not yet tied up other acreage to stop competitors getting it ?
Does the agreement to use the processing plant and pipelines guarantee Real can get this to market at reasonable processing and transport costs for years into the future or will they eventually need their own infrastructure ?
RLE Price at posting:
11.0¢ Sentiment: Hold Disclosure: Held
