Agree L7 is the key/wild card. agree the coin would be no problem for Santos but why would they go through the headache of aquiring TEG just for GAS. Does the PB interest Santos?
now if Santos are the third party funding the seismic on L7 then I could see them taking over TEG.
if they want GAS they just need to run an accelerated program on the JV and force GAS's hand to either continue raising or allow Santos to take an interest in Gaas and dilute teg out of the equation.
both options will pay out for teg. Imo best option for teg is trying to get $50+ mil for GAS shares (2024/5??) and develop L7 themselves.
News: TEG Triangle Energy (Global) Raises A$3.5 Million For Production Upgrades, page-140
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