8+cps of listed stock and cash backing

I have spent all day reading TEG (and GAS) reports and think this is going to be a real standout.

Gas stocks are in for a huge rerate.
https://www.abc.net.au/news/2020-05-21/leaked-national-covid-commission-gas-manufacturing-report/12269100

The Australian government is just about to let Gas loose in Australia, remove fracking bans, subsidise gas prices. New Power is the chair of the government board, he also runs STX.

- TEG have 50% rights to the L7 Block next to STX
- They have other producing assets in the Cliffs region
- They are also profitable at $25/bl and sell to BP in US$




- TEG also own 32.7% of ASX listed GAS




GAS look like they are going back to break that 52 week high at 80c.

Quick value add up:
Cash - $4.1Mi
GAS shares 47,830,148 - $25Mi
Cash and listed stock $29.1Mil

Market cap $16Mi, Trading negative EV of -$13.1Mil

GAS will have news flow over the next quarter which will boost it's price and the value of TEG.
TEG can double their stock price over night by announcing a drill program at L7 Block.
I will continue to be a buyer at these prices.