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9.0¢ real energy corporation limited

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Petertkd

7,975 Posts.

1801

20/09/17

11:12

Post #: 27337092
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Originally posted by TShirt ↑

Dollar, one of the best TA chants is the "trend is your friend" . Ignoring price movements and looking just at the gas flow, for all its taking a rather long time, the trend is our friend as the gas slowly improves. I would think the companies posting of the flare last week will lead to a new flow update which if not at Michaels suggested level ought to show a notable increase.

What was of greatest interest to me in the GOC presentation was the forward development plan. Its not unusual for each successive well to improve as the lessons learnt are integrated into the next new well. I imagine we will soon see an announcement detailing the new well(s) which ought to perform better and more quickly. I am guessing to utilise Santos's facilities there would be an economy of scale of say bringing T-1, T-2 and T-3 online at the same time.

This will take a bit of time but all appears to be going in a direction to ensure valuable share appreciation over time. The reserves announcement will be a major for sp action when ever that turns up.

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Stronger gas flow . This will fly to 20c.
I am in.

Cheers

RLE Price at posting: 10.0¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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