There is a lot of upside for the patient here. If they secure a rig on short notice, then it will pop of course. If you just hang here for 6 months for the rigs to line up, then its does very well into the well anyway. I am buying some options. They run for 18mths with 2.5c to pay. The company will drill several wells in that time frame. The stock moves to 10c and the options will move to 8c or some 7x during the year. They can move 3x on a 5c headstock price. Great leverage to put a few away. If TEG get medium success, then the price will be much higher. Not a bad punt for some spare cash. dyor.
TEG Price at posting:
2.7¢ Sentiment: Buy Disclosure: Held
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