Adl, i believe the recent Strachan report quotes "unstimulated" flow rates for Queenscliff and Tamarama-1 (pre frac). Of most interest to RLE is "Encouragingly, the Cocos-1 and Whanto-1 wells on either side of Real’s discovery wells flowed gas at over 3 mmcuft per day from conventionally tested sand zones in the
Toolachee Formation"...... the data sharing agreement should go some way to unlocking value in RLE's block, SB has built a good relationship with the Santos and should be given credit for doing so, invaluable imo.
RLE Price at posting:
9.2¢ Sentiment: Buy Disclosure: Held
