RNE 33.3% 0.2¢ renu energy limited

geojac,just a couple of comments, your guesses are as good as...

  1. 286 Posts.
    geojac,
    just a couple of comments, your guesses are as good as anyones right now. The rig they would have in mind I imagine would be similar to what they used before, ie quite capable.
    They basically have 2 options, one is to re-enter the current well and drill another side track, the last time they did that it took 20 something days, or they drill a new hole, say 12 1/4" to just inside the granite, set 9 5/8 in casing (thats OD, about 8.6" ID), and drill an 8 1/2" hole. It will cost a lot more but the risks are a lot less.
    The cash burn rate must slow down considerably now, as the last drilling operation I guess was about 75-100k per day.



 
watchlist Created with Sketch. Add RNE (ASX) to my watchlist
(20min delay)
Last
0.2¢
Change
0.001(33.3%)
Mkt cap ! $1.608M
Open High Low Value Volume
0.1¢ 0.2¢ 0.1¢ $919 546.1K

Buyers (Bids)

No. Vol. Price($)
118 135312871 0.1¢
 

Sellers (Offers)

Price($) Vol. No.
0.2¢ 6387309 13
View Market Depth
Last trade - 15.37pm 04/10/2024 (20 minute delay) ?
RNE (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.