I can not help but salivate at the enormous upside this company has.
Just a quick glance at the company's value and assets reveals all:
A) Market cap of $13million.
B) Successfully operating the Pase PSC which generated production revenue of approx. $6.7million during the 2013 calender year.
C) Successfully signed a Letter of Intent covering one of the largest exposures
to Morocco with both frontier frontier blocks & blocks with historical production
- 4 onshore blocks totalling 12,575km²
- 2 offshore blocks totalling 9,229km²
Progress...
ACEH:
1) We were successful in being selected as the most qualified operator of the Pase PSC by a committee of government appointed Acehnese industry experts
following an open tender process
2) We were selected by the Acehnese Government to partner them to operate a
new Pase PSC
3) We formed a joint venture company with the Acehnese government for the
application and award of a new PSC.
Management have implied that the approval is pretty much a formality, "we have continued to invest in Aceh and Indonesia in preparation for our future exploration and development programs which we will commence following the award of a new Long Term Pase Production Sharing Contract."
MOROCCO:
Awaiting ONHYM’s review of the applications and work programs that were submitted in January 2013 covering six Moroccan exploration blocks.
Have a read of the value in both the Morocco and Pase assets and it is completely feasible for TEG to be valued at between $50 - 100 million once the Pase and Moroccan permits are awarded.
I am very, very happy to keep accumulating at these levels. I know the broker's will be buying it up north of 3c when the news of awards comes in.
Speaking of brokers... i was very, very interested to see CPS take a special interest in this stock... big things coming soon i feel.
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$13mill value and all before it
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Last
1.9¢ |
Change
-0.001(5.00%) |
Mkt cap ! $34.45M |
Open | High | Low | Value | Volume |
1.9¢ | 2.0¢ | 1.9¢ | $53.91K | 2.836M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
12 | 3877999 | 1.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.0¢ | 3036638 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
12 | 3877999 | 0.018 |
14 | 2799641 | 0.017 |
9 | 2220879 | 0.016 |
13 | 3013495 | 0.015 |
2 | 1050000 | 0.014 |
Price($) | Vol. | No. |
---|---|---|
0.020 | 3036638 | 6 |
0.021 | 2166300 | 9 |
0.022 | 3810490 | 9 |
0.023 | 2804496 | 6 |
0.024 | 1722899 | 7 |
Last trade - 16.10pm 24/06/2024 (20 minute delay) ? |
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TEG (ASX) Chart |