"other corporate developments.” Ok, Scott Brown has added this teaser "We look forward to updating shareholders on pending results and other corporate developments."
We know other co. will be looking over these results & may be waiting for "certified gas resources" prior to signing any corp deal/farm in.
Also "Our immediate focus is to certify gas resources and transform ATP927P into a Tier-1 gas project in the Cooper Basin." You can't "transform ATP927P into a Tier-1 gas project" unless you have a major partner committed to drilling 10 - 20 wells.
So I am confident "corporate developments" are progressing & with both wells flowing to surface unstimulated that is a major positive. Just need to wait it out until deal is done & oil & gas prices must be due for a cycle upturn very soon.
DYOR
RLE Price at posting:
16.0¢ Sentiment: Buy Disclosure: Held