Sign up Australia
Proactive Investors - Run By Investors For Investors

Real Energy Corporation 'very well placed to sell gas into the grid, potentially next year'

Real Energy Corporation Ltd (ASX:RLE) CEO and executive director Scott Brown speaks to Proactive Investors about the oil and gas explorer's large-scale asset in the Cooper Basin, located onshore in Queensland, Australia, where gas supply is short and prices are high.

"We're very familiar with the Cooper Basin, it's got great geology and it's got excellent proximity to both pipeline infrastructure and gas plants. We've got an agreement with both Santos [Limited (ASX:STO)] and Beach [Energy (ASX:BPT)] for our gas processing there," says Brown.

He continues, "we've drilled four wells in our Windorah Gas Project; all four wells have discovered gas... the independent geological assessment is 13.7 trillion cubic feet of gas in place, which is a very large number."

The company is anticipating results from well stimulation on Tamarama 2 and Tamarama 3 which were drilled this year.

 
Meet Great Boulder Resources Ltd, Mainstream Group Holdings Ltd, Blackstone Minerals Ltd and Pacific American Coal Ltd at our event, Sydney , 19 November 2018. Register here »
View full RLE profile View Profile

Real Energy Corporation Ltd Timeline

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use