Next Investors logo grey

Real Energy & Strata-X host webinar on the JV’s CSG Project Venus

Published 23-JUN-2020 10:59 A.M.


2 minute read

Hey! Looks like you have stumbled on the section of our website where we have archived articles from our old business model.

In 2019 the original founding team returned to run Next Investors, we changed our business model to only write about stocks we carefully research and are invested in for the long term.

The below articles were written under our previous business model. We have kept these articles online here for your reference.

Our new mission is to build a high performing ASX micro cap investment portfolio and share our research, analysis and investment strategy with our readers.

Click Here to View Latest Articles

Real Energy (ASX:RLE) and its and its 50/50 joint venture operating partner Strata-X Energy (ASX:SXA | TSXV: SXE) will today host a joint webinar about its Surat Basin Walloon CSG Project Venus at 11AM AEST.

The webinar is a presentation by Ron Prefontaine, Executive Chairman of Strata-X Energy and Scott Brown, MD of Real Energy.

Real Energy is an Australian east coast focused gas company with interests in the Cooper Basin — Australia’s most prolific onshore producing petroleum basin, and the Surat Basin in Queensland.

The company has 100% ownership in two large permits in Queensland – ATP 927P & ATP1194PA, and a 50:50 JV with Strata X Energy Ltd to develop the 154km2 Project Venus (ATP2051 permit) in the Surat Basin as a Coal Seam Gas project.

The webinar will outline the planned 2020 appraisal program in the 50/50 Surat Walloon CSG joint venture, Project Venus.

The program is designed to prove sustained commercial gas flow rates with the goal of resources and reserves upgrades by the end of 2020 leading to material gas reserves growth during 2021. Both Ron and Scott will be available for questions after the presentation.

Interested parties can register for the event HERE.

Project Venus is located within the Proven Walloon CSG Fairway — a prolific gas producing region with over 10,000 wells drilled.

The JV project contains a certified a Prospective Gas Resource of 658 BCF (694 PJ) gross, 329 BCF (347 PJ) net to Strata-X in the Walloon coal seams in ATP 2051.

Screen Shot 2020-06-23 at 10.52.33 am

Real Energy is the administrative and commercial operator while Strata-X, at least for the initial phase to predictable reserves certification, will be the technical operator.

Aligning with Strata-X was an astute decision by Real Energy, as the experienced Prefontaine is the executive chairman of the group.

Prefontaine was the technical director of Arrow Energy and founding managing director of Bow Energy, two ASX-listed CSG companies that were separately taken over in 2010 and 2011, respectively, for a combined total of approximately $4 billion.

General Information Only

S3 Consortium Pty Ltd (S3, ‘we’, ‘us’, ‘our’) (CAR No. 433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information and is for informational purposes only. Any advice is general advice only. Any advice contained in this article does not constitute personal advice and S3 has not taken into consideration your personal objectives, financial situation or needs. Please seek your own independent professional advice before making any financial investment decision. Those persons acting upon information contained in this article do so entirely at their own risk.

Conflicts of Interest Notice

S3 and its associated entities may hold investments in companies featured in its articles, including through being paid in the securities of the companies we provide commentary on. We disclose the securities held in relation to a particular company that we provide commentary on. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest.

Publication Notice and Disclaimer

The information contained in this article is current as at the publication date. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. The views of the author may not reflect the views of the AFSL holder. Any decision by you to purchase securities in the companies featured in this article should be done so after you have sought your own independent professional advice regarding this information and made your own inquiries as to the validity of any information in this article.

Any forward-looking statements contained in this article are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results or performance of companies featured to differ materially from those expressed in the statements contained in this article. S3 cannot and does not give any assurance that the results or performance expressed or implied by any forward-looking statements contained in this article will actually occur and readers are cautioned not to put undue reliance on forward-looking statements.

This article may include references to our past investing performance. Past performance is not a reliable indicator of our future investing performance.