Real Energy Corporation Ltd  ASX:RLE

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Real Energy Corporation Ltd ASX:RLE

$ 0.13

14/10/2015

Report Date Price
Ready to fill east coast gas void 14/10/2015 $0.13

Overview

Real Energy Corporation Ltd is an oil and gas exploration and development company with a focus on the Cooper Basin, Australia’s most prolific onshore producing petroleum basin. Real Energy has 100% ownership in 2 large permits in Queensland – ATP 927P & ATP1194PA.

Real Energy is focusing initially on the Toolachee and Patchawarra formations. These formations are well-known throughout the basin for holding and producing gas. Seismic interpretation in conjunction with existing petroleum well data has determined that the Toolachee and

Patchawarra formations are significant across much of our acreage.
Real Energy’s permits in Queensland being ATP 927P and ATP 1161PA. These permits cover 2,761 Sqkms (or 682,257 acres).

Seismic has identified that the Toolachee and Patchawarra formations are significant in part of our acreage. The independent geologist has assessed Real Energy Corporation Ltd ATP927 has 13.7 Tcf of gas in place in the Toolachee and Patchawarra formations.