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annaliese

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Everything posted by annaliese

  1. annaliese

    RLE

    OA's are in for extension subject to ASX and shareholder approval. If permitted it sounds like they will push out 3 months to mid July. Reserves in theory ought to be known by then.
  2. annaliese

    RLE

    Nipper they already have a deal in place with Santos/Beach for processing and distribution. As they grow I imagine they would consider their own facilities but this approach is efficient for now. As for managing flow that is true of most wells be it conventional or non conventional. RLE have worked with Prof Ray Johnson of Queensland University to optimise the engineering of the well for best performance over the wells lives. Time will tell if that works out but so far these last two wells (T-2 and T-3) appear to be performing better than T-1 at a comparable time..
  3. annaliese

    RLE

    Acid test time is fast approaching. Flow rates, which should be known soon after clean-up will either make or break this one. The latest two wells appear to be out performing the last well so probability of success seems more in favour of a good outcome with the normal caveats of the fat lady singing, or commercial flow rates in this case.
  4. annaliese

    RLE

    We still need commercial flows but progress to date is certainly very interesting. If the latest investor presentation comes to fruition this ought to rerate sometime between now and Christmas assuming no delays.
  5. annaliese

    RLE

    Maybe this time MME. Activity at last with the first of two wells started!
  6. annaliese

    RLE

    Still want to see those Tamarama results but who I am argue with interest from Santos. Looking good and plenty of good stuff between the lines in todays announcement.
  7. annaliese

    RLE

    I agree mme. Its one to watch. Roll on the completion of testing at Tamarama.
  8. Sam, it does appear things are getting better in Yemen in that the legitimate Govt and its coalition partners are making good head way. It appears the opposing Houthis will either be defeated or forced to the negotiating table as defeat looms. What timeframe this will take is anyones guess. Hopefully soon for the sake of the Yemen population.
  9. annaliese

    RLE

    I wonder if there is some news leaking given they should be into the second of the five fracs by now. Or maybe its just small players buying in when the sell side is thin.
  10. annaliese

    RLE

    Yes, likewise looking forward to this one.
  11. PSA put out a presentation yesterday which seems to have created some interest. Its a rather good read but with the caveat of stability returning to Yemen.
  12. annaliese

    RLE

    Indeed. We must be due an update very soon as to start date or progress. As you wonder we may not hear until it is done.
  13. This is a very unloved stock but those with a taste for risk might like to look this one over. PSA has a history of high and low prices having once been $7 many many years ago. Right now it can be had for around 12cps. Why might it be able to fly again? Having been reduced to virtually no oil/gas reserves, activity in the USA and Yemen have secured 2P reserves of 9.3MBOE. This equates to a little over $1 per share. Of note are the Yemen assets which include a producing fieldof 5000bopd (closed in) and a number of discoveries yet to be developed. The risk......civil war in Yemen.(which is why PSA got the assets cheap). Not a great scenario but value could/would be unlocked if the peace talks delayed but scheduled for this week are successful. One to watch in my opinion. High risk but may have an appropriate reward.
  14. annaliese

    RLE

    Yes, looking good mme. Onwards to booking some 2P reserves shortly.
  15. annaliese

    RLE

    It has been along time between drinks MME but thats the nature of these plays. Success will see us book 2P reserves for Tamarama at least which should then lead to further progress on gas sales.
  16. annaliese

    RLE

    The recent momentum has picked up again. With a bid for STO and a proposed merger of BPT/DLS the Cooper Basin is the focus of attention right now.
  17. annaliese

    RLE

    Given the company endorsement of the report its not a pump and dump by the authors. It could be a defensive move as you suggest. It could also be a prelude to a cash raising given the cash required for the upcoming testing programme. Both CR and defence make sense to me but I have no particular idea as to which it actually is.
  18. annaliese

    RLE

    Certainly seems to have pushed this afternoons price action and volume. Good to see such large end of day buying.
  19. annaliese

    RLE

    The LOI might be dependent on flow results so progress to a binding agreement could be some time off. I guess it depends on how much risk IP are prepared to take for potential supply continuity.
  20. annaliese

    RLE

    Hi mme, The volume has been interesting but perhaps not enough to give a strong signal until recent days. The charts look good right now. A move above 15c would imo be confirmation this is on a new upward journey. News could certainly be pending. The LOI will no doubt be progressing behind the scenes. Much will depend on the speed of IP rather than RE as to how soon we hear developments on this front. The flow programme must be close. They have been purchasing supplies for the tests so I would guess testing ought to commence within the next two months.
  21. annaliese

    RLE

    Article just up today on the RLE web site from "The Next Oil Rush": http://www.nextoilrush.com/cooper-basin-ga...ommercialising/
  22. annaliese

    RLE

    Cheers mme, I did not realise he had done an update so soon after his other report. A 3-4X uplift in price sounds good contingent on the flow tests.
  23. annaliese

    RLE

    Mme, the presentation holds some gems of new information. Invitec to provide $35m in funding for starters. The frac programme is well down the design track and the procurement process has already begun. It all takes time but this is looking very good for the future.......take out or as a tier 1 gas operation.
  24. annaliese

    RLE

    AFR article from May 2015 regarding interest in RLE: AFR Article on Beach, Seven Group and Real. Beach Energy is believed to be considering an offer for Cooper Basin junior Real Energy, in a deal which could spark long-awaited consolidation in the region. It is understood Beach's board is mulling an offer for the $30 million Real in the wake of Real's letter of intent with Incitec Pivot. Real announced this week it was working with Incitec to come up with a 10-year gas supply agreement for the fertiliser giant. Beach's emergence comes as Seven Group was also believed to have taken some interest in Real, although Seven has since sharpened its focus on Beach and Drillsearch, taking hefty stakes in both. KKR & Co was also believed to have been scratching around Real, as Street Talk reported in February. The interest also comes after Real announced it had increased acreage in the Cooper Basin, which managing director Scott Brown said should take it one step closer to developing a tier-one gas project in the region. Real shares closed at 18¢ on Wednesday, down about 26 per cent over the past year.
  25. annaliese

    RLE

    The acid test is the flow rates. Hopefully the quarterly report this week will shed some light on the timeframes involved. The discussions with Invitec Pivot may have got a shot in the arm given Arrows inability to supply gas at agreed amounts. IP will be looking for more supply which is good for RLE given the relationship already formed.
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