TC
I have looked at Mt Horner and it was a very tired field It was shut in about 5 years back. It may be useful to have a second look, but the initial reserves were not great and the productivity of the sounds were also low.
Initial reserves at Mt Horner were less than 2 million barrels, so upside may be considered limited on that basis. It will take some cash to do this work, and it may pay off, but I'm not sure it will move the dial.
This deal and WBE, plus the CH plans and Xanadu activities would indicate a major spend by TEG. Probably in the order of $15-20m (my guess). Limited cash now, so some fleet of foot will be needed to do all this.
AL
- Forums
- ASX - By Stock
- TEG
- Ann: Quarterly Report and Appendix 5B
Ann: Quarterly Report and Appendix 5B, page-19
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add TEG (ASX) to my watchlist
|
|||||
Last
0.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $12.48M |
Open | High | Low | Value | Volume |
0.6¢ | 0.6¢ | 0.6¢ | $22.03K | 3.673M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
49 | 27395014 | 0.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.7¢ | 8319369 | 13 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
47 | 26295014 | 0.005 |
12 | 9558001 | 0.004 |
9 | 11411000 | 0.003 |
7 | 15144444 | 0.002 |
8 | 19677777 | 0.001 |
Price($) | Vol. | No. |
---|---|---|
0.007 | 8319369 | 13 |
0.008 | 4815194 | 11 |
0.009 | 8099313 | 12 |
0.010 | 3601304 | 6 |
0.011 | 1466667 | 2 |
Last trade - 15.49pm 16/08/2024 (20 minute delay) ? |
Featured News
TEG (ASX) Chart |