My early target price is 25c. My idea is that the SP NOW should be half way there based on the current published results so I am already wrong. My 25c is based on the flow rates from the current wells proving to be at commercial levels. As more wells follow that show increased production then 40c should be achievable. As, if and when sales are made I would expect some considerable further SP increase. On that basis I stay invested.
I, too, am expecting some update in the next week.
RLE Price at posting:
9.1¢ Sentiment: Hold Disclosure: Held
