TEG triangle energy (global) limited
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Ann: Good Oil Conference Presentation, page-7

  1. Mondo1960
    1,106 Posts.
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    08/09/22
    13:37
    Post #: 63589455
    So I don’t think that can be the basis of the 18 months.
    Sorry but I disagree. On my calculations September 2022 + 18 months = March 2024 = when PGY anticipates the conversion of CH platform will occur and CC&S will be the main focus and not oil

    Please understand that I would be disappointed to leave potential oil in the ground at CH but IMHO the focus will shift from CH to L7 by 23/24 so that may make he transition less painful for us

    I have had my concerns regarding the TEG BOD being puppets for PGY
    I mean ATM CHJV is TEG 78% and PGY 22% and when the focus switches to CC&S it changes to TEG 40% and PGY 60% yet TEG has the infrastructure that PGY needs and worth $3.5m ? and PGY the technology? worth??. Sorry but is this an arms length transaction?
    All views welcome

    TEG Price at posting: 1.3¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch. 1  Great analysis
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