what absolute bum fight re frac of T1 - years since drilled and a frac and stimulation program the stuff nightmares are made of and they still havent sorted out water flow and draw down...
the flow rate of 2.0 is much closer to the brokers report of 1.2 imho. in other words t2 and or t3 have to double t1 flow for eur to be commercial.
i love the stocks promise but an asx release advising t2 and or t3 frac did not touch any coal ie open the water flood gates is warranted imho as t1 is such a joke. t3 is only 500m from t1 and if they are in communication with each other it could be raining cats and dogs,
anyway still very interested in rle given the size of the prize but gosh what a bum fight to date for long suffering holders. sort of strengthens the argument for a cr soon and before frac but happy to be wrong,
thoughts?
adl
RLE Price at posting:
9.4¢ Sentiment: Buy Disclosure: Not Held
