Australia's largest stock trading and investment forum Australia's #1 stock forum

RLE

Click for more information

0.00%

9.0¢ real energy corporation limited

Ann: Tamarama-1 Update and Video, page-31

First 31 Last

Share
Profile

Follow
stelep7

3,086 Posts.

14

24/09/17

18:20

Post #: 27423879
Share

Originally posted by Michaeljob ↑

Queenscliff was drilled as an exploration well to prove up the basin centred gas play was as mapped. The flow testing proved that there's recoverable gas in place and that the geology matched expectations. It is much further from infrastructure than Tamarama meaning that development to production would likely be more expensive than Tamarama hence the focus there. Queenscliff will likely be developed well down the line after RLE become a producer from the Tamarama area. The 9 well Tama step out program could well see initial production capacity of 30mmcfd or higher (~$240k/d of sales gas or ~$88m/y) so will likely have the capacity to add the most bang for buck over the next 2-3 years. Depending on how far they take this before buy out they would logically reinvest any funds into expansion of reserves with the queenscliff area being revisited next. The other area that would make for a solid target would be the north western sector nearby STO's marama field which has infrastructure to get the gas to market without the need for any significant process plant.

Expand

Thanks for your reply Michael
And thank you for clearing that up.
Your a real asset on this thread.

RLE Price at posting: 10.0¢ Sentiment: Buy Disclosure: Held
13 Upvote

0 Great analysis

Reply

Top Stories

CNB

Carnaby Resources hits copper at Mohawk, QLD

YAL

Yancoal makes it into the ASX200 in latest S&P rebalance

CBL

Control Bionics expands into UK and Irish markets with NeuroNode device

GDC

Global Data Centres not clear on future operations after AirTrunk sale payout

RMX

Red Mountain Mining: record gold prices, two projects, two greenstone belts

First 31 Last

Add RLE (ASX) to my watchlist