ok sure but still the market has not reacted to this "game on" > 3mmscf/d....
why?
two weeks to quarterly - expecting forecast cashflow to put bank balance at 30/9 are no more than $2m...
let's hope the frac goes to plan as contingency budget for any cost blow does not appear to be avail to mgt.
I look forward to the 31/7 quarterly and an update on the "imminent" frac which was announced more than a month ago..... not exactly "imminent"...
still looking to buy in but much less than I had planned a month ago. Mgt own 33% of stock and unlike STX, investors are stuck with RLE management who have not delivered since T1 way back in 2015 - "it is not a lie if you believe it" (George Catanza)
Adl
RLE Price at posting:
11.0¢ Sentiment: Buy Disclosure: Not Held
