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Real Energy receives R&D tax incentive payment


Published Nov 5, 2015
Real Energy Corporation-2

Real Energy Corporation Limited has received approximately $5.9 Million from the Australian Taxation Office in respect of the R & D Tax incentive for the year ended 30 June 2015.

Commenting on this significant cash receipt, Real Energy Managing Director, Mr Scott Brown said: 'This R & D refund, in addition to the recent share $2.6 million share placement, has significantly strengthened our cash balance, and provides the Company a solid financial platform to further progress the commercialisation of our Windorah Gas Project in ATP 927P.'

Tags: Real Energy Corporation




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