Real Energy’s principal focus is on developing unconventional and conventional gas and oil resources in the Cooper and Eromanga Basins in Central Australia. The Tamarama-1 and Queenscliff-1 wells were drilled on the ATP927P permit and confirmed a working basin-centred gas play. Post drill, Real estimates in excess of 1tcf of gas at the 3C level is present. The next steps are to independently confirm in-place volumes, progress gas take-off from LOI to firm contracts and establish full commerciality.


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Real Estate Investors plc (RLE:LON) | 32.2 0 0.0% | Mkt Cap: 56.3m
- Published:
24 Jun 2015 - Author:
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Real Energy’s principal focus is on developing unconventional and conventional gas and oil resources in the Cooper and Eromanga Basins in Central Australia. The Tamarama-1 and Queenscliff-1 wells were drilled on the ATP927P permit and confirmed a working basin-centred gas play. Post drill, Real estimates in excess of 1tcf of gas at the 3C level is present. The next steps are to independently confirm in-place volumes, progress gas take-off from LOI to firm contracts and establish full commerciality.