RLE
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Company News
Strata-X and Real Energy merge to gain Queensland gas critical mass
A bigger Queensland gas player is the plan as Strata-X (ASX: SXA) and Real Energy Corporation (ASX: RLE) agreed to merge. The combined company, to be known Pure Energy Corporation, will also include Strata-X’s coal seam gas (CSG) project in Botswana. The two companies are already involved in a Queensland joint venture and claim the […]
Real Energy flows more gas from Cooper Basin ground
Emerging gas developer Real Energy (ASX: RLE) has received positive indications of commerciality at its Tamarama-2 well in the Cooper Basin following recent well stimulation. An initial flow rate of 2 million cubic feet a day was clocked from a flow test, with flowing tubing pressure of 1783 psi recorded. Real Energy managing director Scott […]
Real Energy flows gas from its latest Cooper Basin well, lodges pipeline application
Emerging gas developer Real Energy (ASX: RLE) has continued its winning streak in the Cooper Basin after recording strong initial flow rates at its Tamarama-3 well, prompting the company to move forward with its commercialisation plans for the area. Providing shareholders with an update on the well, the company announced a flow rate of 2.5 million […]
Real Energy raises $5m to advance Windorah gas project
Oil and gas explorer Real Energy (ASX: RLE) has raised $5 million via a placement to help advance its Windorah gas project in Queensland towards production. The raising was completed through the issue of about 47.6 million new shares at $0.10 per share and about 15.8 million attaching listed RLEOB options, exercisable at $0.14. The […]
Maiden reserves on horizon for Real Energy as gas sales interest heats up
Gas sales interest is ramping up for the Windorah gas project in Queensland as operator Real Energy (ASX: RLE) edges closer to booking maiden reserves. The company’s wholly-owned project in the south west of the state has been estimated to hold 13.7 trillion cubic feet of gross prospective gas-in-place resources. The Cooper Basin-focused explorer has […]
Real Energy looks to alleviate east coast gas crisis
While gas buyers in the east coast market fret over looming shortages and rising prices, emerging gas developer Real Energy (ASX: RLE) has welcomed the opportunity to offer a solution. The company today released an operations update for its Windorah gas project in Queensland, where it is hoping to unlock a potential 3C resource of […]
Fracking in Australia set to change thanks to improved technology
Fracking. The word itself can lure interest, as well as opposition. It has even divided the nation politically. This gas extraction method has been used since the 1940s, although it has truly come to the fore in the last decade thanks to North America’s shale oil and gas boom. The technology has evolved over time, […]
Real Energy flows gas from Windorah wells
Oil and gas explorer Real Energy (ASX: RLE) has announced the free flow of gas and frack fluids from two wells undergoing flow testing at its flagship Windorah gas project in Queensland. The Cooper Basin-focused company today reported its Tamarama-2 well continuing to flow gas and fluids to surface since having production tubing installed. Last […]
Real Energy secures processing deal with Australian gas majors
Cooper Basin-focused explorer Real Energy (ASX: RLE) has locked in deals with two Australian oil and gas majors to process gas from its flagship Windorah project in Queensland for sale in the east coast gas market. The company today announced it had signed binding agreements with Santos (ASX: STO) and Beach Energy (ASX: BPT) to […]
Real Energy advances to flow test Windorah gas wells
Oil and gas explorer Real Energy (ASX: RLE) is on track to begin flow testing two wells at its flagship Windorah gas project in Queensland, with hopes of proving commercial flow rates and establishing pilot production to meet Australia’s east coast gas demand. The Cooper Basin-focused junior today reported the completion of a three-stage fracture […]