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9.0¢ real energy corporation limited

Upgraded valuation >350% @ 41c, page-11

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olderwiser

2,180 Posts.

1575

09/11/18

08:54

Post #: 36442851
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Originally posted by Tully8282 ↑

Olderwiser.. the company did say continuous flow which was good to hear. We all understand these have limited meaning i.e. what really counts is flow rates but id rather these flares than something tiny and the company continually saying itll get better. We have the added bonus of good gas on commencement of flow back which bodes well for initial flow rates.

If we get good initial flow rates im sure someone will jump on these threads and tells us its meaninless because what really matters is sustained flow rates...

And then someone will say sustained flow rates are meaningless without reserves...

Then someone will say this is just the sweet spot on RLEs tenements and that the play doesnt stack up and that a cap raise is needed and that the geology isnt great..

Hopefully by then we will be 30c per share

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Continuous does not imply stable, continuous and stable would have been a better clue.
Pictures are an excellent hype tool, everyone is free to interpret what it means and the company has no responsibility for their assumptions.
I am firmly in the wait for official flow rates camp.

RLE Price at posting: 9.7¢ Sentiment: None Disclosure: Not Held
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