STTCOMP RLE FA LONG Cooper basin gas shares -310mill cash -3mill...

STTCOMP RLE FA LONG
Cooper basin gas

shares -310mill
cash -3mill

SP-11c

marketvalue+30mill (peanuts!!)

Been buying up RLE for some time in the 8's recently

from today DEC Qtr report-

the Company has Independently Certified 3C Contingent Gas Resources of 672 BCF and a Mean Prospective Gas Resources of 5,483 BCF in the Toolachee and Patchawarra formations within ATP 927P

from today DEC Qtr report

HIGHLIGHTS

 Strong initial flow rates of 2.5 mmscf/day from Tamarama 3.
 Strong initial flow rates of 2.0 mmscf/day from Tamarama 2.
 Agreements signed for gas processing and transporting with Santos and Beach Energy.
 Windorah pipeline licence application lodged to connect to Mt Howitt gas facility.
 The Company received a funding proposal to farm into its permits.


THIS IS GOING TO BOOM on farm-in details if agreed >>> and converting 2c-3c to reserves

20-30c target before the Qtr is out


Disc-Holding truckloads RLE,RLEOA