Al, couldn't agree more. The market wanted to see 3mmscfd inline with the professors modelling and failed to interpret the release for what it is....INITIAL FLOW RATE.
Doesn't help the cause having ol' mate back with 1mill odd shares putting a cap on the SP (they're so far off the action it's bleeding obvious what he/she is trying to do). It does however present an opportunity for the astute. RLE have just announced themselves as genuine player in this gas starved market with short term outcomes.....reserve upgrades, production, revenue, gsa's....commercially proven well modelling with scalability. The initial pilot phase has been successful in unlocking the code in terms of well engineering and we can expect to exceed these results for phase 2 where the real value rolls out. This has been been largely missed by the market as there's very little patience and foresight these days, it's all about a quick buck and instant gratification. There is an incredible opportunity being presented for those with a LT view here IMO.
RLE Price at posting:
8.3¢ Sentiment: Buy Disclosure: Held
