Real Energy (ASX: RLE)

Minus Text Size Plus

As the East Coast gas shortfall continues to drive up gas prices, with forecasters predicting heavy increases from current levels, one company is looking to commercialise a gas resource that could help mitigate domestic shortages.

Real Energy (ASX: RLE) is focused on exploration and development of oil and gas acreage in the Cooper-Eromanga Basins in southwest Queensland — Australia’s most successful onshore region for oil and gas production.

RLE has discovered a large gas resource and is now ready to bring its Windorah Gas Project into production to meet the shortfall head on.

A recent non-binding Memorandum of Understanding with Santos Limited, will go a long way to helping it achieve this aim, as it would allow raw gas from Windorah to be processed into sales gas, which can then be supplied to the east Australian gas market. 

RLE is well-funded with $6 million cash in hand and currently possesses 13.76 tcf estimated total mean gas in place, which means there is multi-well development potential here.

RLE also represents the chance for investors to take a calculated risk on a company with a good chance of striking a multi trillion-cubic-feet gas resource onshore Australia.

The information on this page should not be the only trigger for your investment decision. Click on the link below for a more in-depth and informed examination of the company. We strongly recommend you seek professional financial advice whenever making financial investment decisions.

It seems all macro factors are falling into place for RLE: the company is well funded and is operating in a highly prolific area at a time when gas shortages require real solutions.

 Furthermore, its non-binding MoU with industry giant Santos could help supply the east Australian gas market and go a long way to helping this $15 million capped company increase its value. 

Latest Article

Amid the East Coast Gas Crisis, RLE Strike Deal with Santos

Amid the East Coast Gas Crisis, RLE Strike Deal with Santos

May 15, 2017

The East Coast gas supply crisis is driving gas prices up, with prices forecast to increase substantially from current levels. But what can be done to mitigate what could be an economic disaster. This gas shortage crisis has been all over the news lately, especially following Prime Minister Turnbull’s announcement that gas exports would be […]

Read Article

Related Real Energy (ASX: RLE) Articles

Top Trending