Had a chat with our TEG MD.
He would like nothing more to drill next year in 2023 and that is his goal and can't wait to do a couple of drills in L7/437.
As he has informed already there has been considerable interest in drilling with us from other Co's.
He is a conservative individual and put 2024 because it will be dependent on the Full seismic report (end 2022 Jan 2023) then our team has to get the Co's to agree on terms after the Full seismic is covered. Then he has to get permits and as most here well know let the bloody games begin.
How long guys and gals for permits is anybody's guess. Hence 2024.
I have been informed that there are 2 suitable rigs coming up in 2023 that can do the job for us and go HARD AND DEEP. CT all over this..
Now the 18 months comment on shipping at POG - does not mean we will stop producing/shipping, not at all.
News to come on this front, its good.
Don't sweat the 100% of approval L7/437. CT all over this. Need patience.News soon.
CH10 should be back online Oct if all goes to plan.
Had a chat Mr.Blingo.
CCS package on behalf PGY/TEG to be submitted by end of this month.
Discussions go on with Govt on a weekly basis to get all this right.
This is seriously big and very involved and will be the first of its kind submitted in Aust.
We are breaking new ground with this and they are hoping for an answer in 3-4 months from Govt from submission.
CT confirms his belief in the CCS and seal in reservoirs.
The endless selling at 1.3 I am not able to comment on at present.
So GOOD OIL should have a name change to GOOD GAS only because honestly so little about oil was presented/discussed it was all about gas in Aust and overseas. gas ..gas...gas.
Hey lots going on at TEG. I stressed we need news to keep the faith for SH's.
I am not selling that's for sure. Should be worth the wait.
All above IMHO as always DYOR.
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