TEG (ASX) Cash flow is king

Originally posted by pumper ↑

Great to see a few of us here from the exr camp after that little disaster.

Make no mistake the Cliff Head is just a great acquisition.

I was involved as an investor through Norwest back in 2001 and remember all of the pre planning and preparation of the wildcat drill back then and there were some very good operators involved.
I was at a lengthy pre drill meeting and left that really impressed.
I remember very well the day it was announced back then we had struck a commercial find. Happy days.
Sheeze where do all the years go!!!
2016 I am back as a proud part owner of CH again with many here as well.
People really need to read over the 10 page presentation from Triangle on 20/06/16. Good stuff.
I honestly don't think this field will be over in 10 years. Far from it.
I remember back in the day there were also other good encouraging results from a drilled dip(oil was discovered) not far from current position that in my opinion is a must to go back and test. But as many here understand drilling in open water is expensive and Triangle will need to work with the operator on that one but with current cash flow it is a strong possibility.
I am sure Rob Towner will also insure that we will also move forward in escalation of projects and cash flow enhancements in the future.
I purchased a nice parcel as soon as it was announced and was able to secure another 10mil shares last week so to those that did sell I am most grateful. I continue to by more as I can afford as well.
I am totally amazed we are currently sitting at the current SP price. I know we have a large amount of shares on issue but I tend to think that not many out there actually realize what we have here.
Like Oia I certainly don't think this SP price will last.
I really do think a great deal more publicity needs to be done on this acquisition and I will be talking to company about that.
Make no mistake I think and in my opinion that at this current price of .002 it is the buy of the decade.
I can't wait for some of the qtly reports to come thru.
Hey this whole deal was paid for in cash. Not a heap of debt or massive borrowings. Its all good.

I am very comfortable with Rob Towner being at the helm of Triangle Energy.
I have had a good chat with him and really like what I am hearing.
I did ask why the company had so many shares on issue and was informed of all the past problems that were happening in Indonesia. They needed to issue shares just in order to keep Triangle in survival mode. Things were certainly very dire for this company in the past. Survived it has.
But the great news is that's all behind and past and the future here now is damn bloody bright.
I asked about possible consolidation of our share base and was informed not a priority right now but would be raised with SH at the next AGM.
Look like many here I am not a huge fan of consolidation either but we may need it if we want to get places in regard to SP.
I am a big fan of a free bonus oppie with the Sp consolidation if it happens. Helps ease the pain a bit. hint hint Rob.

Power on Triangle Energy.

All of the above is my opinion only as always DYOR.

Expand

Thanks Pumper. I reckon that the only thing now holding back heavy buying is the confusion over their current finances, especially what they are actually receiving from that oil income and how much they walked away with from Aceh.
All of that should be revealed in the June half report and then we can all make more substantive decisions. Not long to wait.

No.	Vol.	Price($)
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11	4230315	0.019
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Price($)	Vol.	No.
0.020	2113287	6
0.021	4518015	11
0.022	2200129	9
0.023	1868081	8
0.024	2258249	8

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2113287

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4518015

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2258249

(20min delay)
Last 2.0¢		Change 0.000(0.00%)		Mkt cap ! $36.26M

Open	High	Low	Value	Volume
2.0¢	2.0¢	2.0¢	$8.144K	410.2K

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