How much would be needed to win the EXXON tender?? That IS our $64 question. I am probably being over optimistic in thinking that these assets may not be THAT attractive to anyone who is not already in the area and with EXXON wanting out, period, they might go much cheaper than one would expect.
So, if TEG does get the tender, it could be a double whammy for us, not only getting that great asset and income source, but at a "cheap" price.
Then how is it to be funded? SCPE's $10 mill seems to be based upon current PASE work and further exploration in that area if we get the lease extension. So, they would need to fund it from another source to remain below the 20% threshold.
All very intriguing, many questions, many answers, but can only see ONE outcome either way, a big win for TEG SHs.
teg gets cornerstone investor, page-31
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Mkt cap ! $8.320M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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