TEG 0.00% 2.0¢ triangle energy (global) limited

Ann: Major Milestone for Cliff Head Oil Export, page-67

  1. 1,802 Posts.
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    Yes part 2 of the offtake.
    I'm sure Company want to improve on all the logistics regarding the offtakes, main object was to continuing production which has been achieved and management obviously would be looking to increase profitability.
    Interesting situation ahead for Gas/Oil exploration in and around PB.
    A lot of recent drillings have indicated oil/condensate prospects, in particular our neighbour Norwest Energy ( I hold ) who have been talking about their Springy Creek prospect favourably, which is adjacent to Mt Horner and also talking possibilities with their next drill target NED1 / Lead E
    If the volume of oil/condensate is increased you would think that it would up the pressure on being able to store and export viably.
    Surely this would bring all parties to the table to sort a solution and that includes State government, they granted POG Authority millions of dollars for improvements and upgrading, maybe some of that can be allocated to erecting or refurbishing storage tanks.
    That would solve the explores/producers problems not to mention State fuel security issues !!
    TEG have their infrastructure and stabilisation plant available, it could get better utilised in the process.
    In the mean time we continue to wait.
    Amongst other news pending, the snapshot of the seismic can't be that far away, that could be a good read.
    As always, just my say.
    GLAH.

 
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