RLT 0.00% 81.5¢ renergen limited

4 part video series on Renergen, page-22

  1. 2,216 Posts.
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    Thanks SMZ, I kind of stopped following/or lost the information of wells as well as drillings when they put out initial reserves as well as started the P1 construction long time ago, when i remembered once posted a video (nearly two years ago probably) from some host/journalist's positive review after his onsite visit and seeing the abundance of Renergen's long-spreaded wells and their potentials, and i believe the later drilled sandstone area/discovery was not included or expected (with that grade and size) at all at the time and probably similar to the case of coal seam gas too. It certainly feels like they are now back in drilling business or about/planning to be drilling again per Stef's interviews or info from some posters here lately as it seems getting funding for P2 is not something that keeps Stef awake at night now (per Stef's own word in one of his recent interviews), all add more positives and are super encouraging for a larger picture of Renergen in long run. Though personally im not sure what has happened behind all this CR in a matter of just two weeks (maybe a bit loose this time or maybe some rules in play when company, broker, media and ASX rules involved but didn't play out well for some uncontrolled factors? who knows), circa 5m new shares in dilution probably doesn't mean too much in the scale of large raise for P2 in the (near) future, what matters most imo is if Renergen can actually take 20~30% or more of the world helium market as you also mentioned after P2, P3..and the estimated ever changing/growing NPV and revenue numbers (based on new gas/helium discoveries/reservoirs) can actually eventuate..
 
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