In the news yesterday:
Real Energy (ASX: RLE) has secured sale of gas from its Windorah Gas Project in the Cooper Basin;
The company has signed a non-binding memorandum of understanding with Weston Energy Pty Ltd. Weston Energy is a gas retailer created by Weston Aluminium Pty Ltd, an established privately owned manufacturing company. The group is cognisant of the importance of having access to a competitively priced gas supply, and the agreement with RLE aims to secure energy supply, a crucial factor in continuing to operate at optimum efficiencies. The MOU represents a significant step towards signing a binding gas sales agreement between the two parties, covering the purchasing by Weston Energy of 3 petajoules of gas per year for a period of five years. While Weston Energy is the foundation customer for the Windorah Gas Project, RLE has already forged important relationships in terms of progressing this initiative, including the signing of an MOU with Santos for Windorah's gas processing.
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