Big risk at moment is what acerage will any reserve be based on in circa April i.e. will it be previously reported estimates (ie existing p3 estimates) or t2 and t3 drill acerage/ flow rates....
rle looking to bank a reserve - np - just not clear to me which acerage any such reserve will be based on? By way of context, t2 and t3 (all going to plan) will exceed both previous wells yet current reserve estimate put forward by rle mgt is based on t2 and t3 acerage/results...
Cheers
Adl
RLE Price at posting:
13.5¢ Sentiment: Buy Disclosure: Held