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QuickView: Domestic market heats up
Real Energy’s principal focus is on developing unconventional and conventional gas and oil resources in the Cooper and Eromanga Basins in Central Australia. With 2C and 3C resources following initial exploration drilling of 276bcf and 672bcf gas respectively, the next steps are to confirm sustainable commercial production. The wider commodity market remains weak, but increasing M&A activity is beginning to unfold.
QuickView: Low-risk catalysts
Real Energy’s principal focus is on developing unconventional and conventional gas and oil resources in the Cooper and Eromanga Basins in Central Australia. The Tamarama-1 and Queenscliff-1 wells were drilled on the ATP927P permit and confirmed a working basin-centred gas play. Post drill, Real estimates in excess of 1tcf of gas at the 3C level is present. The next steps are to independently confirm in-place volumes, progress gas take-off from LOI to firm contracts and establish full commercia...
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