TEG 4.76% 2.0¢ triangle energy (global) limited

Ann: Completion of Sale - Pase PSC, page-8

  1. 490 Posts.
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    Hi Q,

    I understand that TEG have $1.4m  held in an escrow from the PSC sale, however:
    - When does TEG expect this to be released? and
    - When will additional payment be made to TEG? e.g. production royalty on new developments (is this intended?) on the PSC and the cost recovery payments?

    Excuse me if I have missed something, I am interested as this will provide additional revenue to TEG - hopefully management don't spend it all down at Vans café though. To their credit they are doing a lot better than the years before.
 
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