RLT 4.08% $1.02 renergen limited

Ann: Trading Halt, page-69

  1. 4,016 Posts.
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    Thinking this through a bit more and how the the recent Evander discovery may have created a re-think on the way foward.
    Evander was originally drilled for coal some time ago as RLT state its in the middle of re-growth forest.
    Many holes exist from past drilling so we would have some idea on coal seams thickness and how widespread the field is if and you would think there would be some records available to us.
    Now the sudden turn to raise may be related to this recent find as it is left field and differs in that it would be coal seam gas so requires a total re-think on the whole scope of work hence this raise relates to a planning of phase 2.
    I may be taking liberties in my thinking but CSG gas field quite near the main hub of industry would in my opinion garner some interest not only in our foward plans but the whole area and the government of South Africa.
    So it seems as i posted earlier the recent discovery may just have altered the course of the companys thinking.
    Planning this sort of re think is essential to the plans for phase 2 as i think we just may require a shit ton more money for plans going foward .
    Looking foward very much to the detail in the raise and how we plan into the future.
 
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