RLT 1.83% 80.5¢ renergen limited

Ann: Quarterly Activities Report, page-2

  1. 2,184 Posts.
    lightbulb Created with Sketch. 331
    looks like they are really struggling with the drilling - will be ditching the current contractors and trying a new approach.
    They should have AT LEAST finished one of the wells, but no update means they're well (pun intended) behind - Q1 Fy21 for results now.
    That's a 3-5 month blowout for 1 hole. (the 2nd hole was a bandaid solution that looks to have backfired)

    https://hotcopper.com.au/data/attachments/2769/2769776-ee99e681cc01126d6ee40943cd3fb3a2.jpg
    No changes to the Gas project build.
    No further updates to whats previously been announced.

    Just had a quick look at the milestone tracker and noticed that "cryo-vacc" has its own spot on their website. Pretty cool.
    They really need to push this while they can or they'l miss their opportunity.
    They have a "contact the CEO directly" form at the bottom of the page, so its still just an "idea": No partnerships, production builds etc yet

    https://hotcopper.com.au/data/attachments/2769/2769789-50ad2608525e897122115bc935ebb017.jpg
 
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