Ann: Board Update, page-67

Hard to contemplate Pilot would release an announcement to shareholders of this nature & detail if it was not endorsed by Triangle. Obviously there is much more to come from both companies, but it looks like the proposed JV for Wind, Solar & CCS projects are back in play.
So that being the case I think TEG management will be doing its utmost to establish oil sale & storage agreements, this as a matter of priority.
I think the project priority then goes onto L7.
Sort out the regulations in respect to TEG obtaining full 100% ownership and continue consultation in regard to finding a partner for this project. Given its position & history you would think there would be interest.
The situation may change when we hear from TEG management but it is looking like CH life extension is more likely to come from transitioning its purpose.
This means short term sort the oil sales/storage.
mid term all go L7 project OIL & GAS
Long term CH transitioning to renewable.
Hey this is just me trying to get a take on the situation after this new announcement.
GLAH