the above valuation of FOG simply shows how ludicrous RLEs current valuation is right now , i'd expect it would be a beach or santos looking to consolidate a larger area for a booming sector. this one offer may also provoke others to move on RLE in its entirety or to compete for the farm in...
after all its Australia's largest onshore resource , my money is on santos as they own MT howitt lets hope SB knows how to play a mean hand of poker
Game on!
RLE Price at posting:
9.3¢ Sentiment: Buy Disclosure: Held