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9.0¢ real energy corporation limited

Ann: Tamarama-3 Encounters Gas Plays, page-86

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Kipper01

7,938 Posts.

639

02/07/18

10:21

Post #: 34076079
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Originally posted by Tully8282 ↑

Deus.. Strikes market cap is ~150M and RLE's is 24M. Go figure. Whilst they are both Cooper basin explorers Strike is focusing on fraccing within coal seams of the Patchawarra whilst RLE is focussing on fraccing tight sands of the Patchawarra and Toolachee formations (just like Santos at Whanto).

Any way i look at it i can't justify the difference in MC between the two. RLE 24Mil MC has so much potential upside IMO. ALSO.. Strike only own 66% of PEL 96 whereas all RLE tenements are 100% owned.

Here's to hoping the 'fraccers' will be on-site soon (my bet was an ann by the end of this week).

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Tully,
Next month I believe for the fraccing …
Kip

RLE Price at posting: 9.5¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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