RLE 0.00% 9.0¢ real energy corporation limited

This is new, haven't read this before: "The Company signed a...

  1. 1,860 Posts.
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    This is new, haven't read this before:

    "The Company signed a Non-binding Memorandum of Understanding (MOU) with a large industrial and commercial gas user, a top 100 Australian public company that is keen to buy gas on long term contract from Real Energy. The MOU is subject to a number of condition precedents (CPs) that the Company will use its best endeavours to satisfy. There can be no guarantee that the CPs will be satisfied or the MOU will be converted into a binding Gas Sales Agreement.

    The Company has also discussed commercialising its gas with a nearby owner of gas infrastructure with the infrastructure owner processing the gas on Real Energy’s behalf. "
    Last edited by UY Scuti: 28/04/17
 
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Currently unlisted public company.

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