After this beautiful piece of news which places a gas sales contract in the bank & also provides $6m in upfront funding via pre-payment for 3PJ/year over 5 yrs we have...
20m mkt cap; 14m CASH; Gas Sales Contract with Weston Energy, Gas Processing with Santos, 672BCF Gas Resources
Compare to the likes of STX (bc people love to compare...) who have an EV over 50m with far less than the above & it's compelling to see we are at the beginning of the mother of all re-rates!
Don't forget the independent valuations place a 50c target on RLE (at a 50% success rate) & over $1 at 100% success rate.
After this beautiful piece of news which places a gas sales...
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