Some quick stats from the announcement...
The 21.25% (to TEG) purchase at USD1.875m values TEG"s 78.75% stake in CH at USD6.95m or $AUD9.3million - in excess of market cap with nil consideration to other assets etc.
The cash benefit of the additional cash for the March Qtr associated with the purchase shows a margin of AUD22 per barrel before operational costs (admin/staff). I checked against my forecasts and came in very close.
This will be re rated, particularly if oil jumps.
Ann: Triangle to increase stake in Cliff Head and Operate, page-19
Add TEG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
1.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $30.82M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 50000 | 2.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.4¢ | 180000 | 1 |
View Market Depth
| Last trade - 16.12pm 29/07/2024 (20 minute delay) ? |
| TEG (ASX) Chart |
Day chart unavailable