Totally agree @oiley456 , all TEG holders should want PGY to succeed. A successful project would deliver us $15m in cash and royalties.
More importantly it will remove the current CliffHead decommissioning costs budgeted at $22.6m net to TEG.
TEG can't be all things and CT has made it pretty clear that TEG's future is in O&G. Removing the CH liability had to be the main objective. The fact they achieved an additional $15m on the sale is a bonus.
By years end TEG may well have transitioned back from explorer/producer/CCS JV to a pure explorer with Perth Basin and potentially UK and Asian acreage. CT and the team have stripped out TEG's non-core assets, CCS and GAS, in preparation for L7/EP437 drills next year. (with the drilling mostly paid for by NZO and TPD/STX)
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Totally agree @oiley456 , all TEG holders should want PGY to...
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Last
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Mkt cap ! $36.26M |
Open | High | Low | Value | Volume |
2.1¢ | 2.1¢ | 2.0¢ | $37.67K | 1.809M |
Buyers (Bids)
No. | Vol. | Price($) |
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20 | 3206640 | 2.0¢ |
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Price($) | Vol. | No. |
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2.1¢ | 2463712 | 10 |
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No. | Vol. | Price($) |
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20 | 3206640 | 0.020 |
21 | 7860750 | 0.019 |
11 | 7318500 | 0.018 |
13 | 3374667 | 0.017 |
5 | 1196891 | 0.016 |
Price($) | Vol. | No. |
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0.021 | 2463712 | 10 |
0.022 | 3375631 | 10 |
0.023 | 4249104 | 10 |
0.024 | 2317899 | 9 |
0.025 | 1408900 | 6 |
Last trade - 16.10pm 21/05/2024 (20 minute delay) ? |
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Last
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Open | High | Low | Volume | ||
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Last updated 11.56am 21/05/2024 ? |
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