No chance. I looked at the last qtrly and expected revenue or production as reported. Looking at operating surplus of few hundred k . Maybe 200k for next qtr.
If the claim is for usd1 million , as stated , looking at a bill close to $1.5m . Comes out of cash.
Also dont forget teg are up for a 25 million remediation bill...in 8 years if you assume 2p reserves are 1p..which they're not but on the upside.
If oil goes to usd 70 which it may in 12 mths time TEG looking a lot better.
On balance it looks positive for LT play. Might buy on weakness.
Ann: Arbitration under HKIAC, page-16
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Last
2.0¢ |
Change
-0.001(4.76%) |
Mkt cap ! $36.26M | |||
| Open | High | Low | Value | Volume |
| 2.1¢ | 2.1¢ | 2.0¢ | $36.09K | 1.804M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 5508160 | 2.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.1¢ | 4198018 | 8 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| TEG (ASX) Chart |