Ann: Becos EP Granted, page-8

Exactly Mondo.Spoke to TEG last week and said why has the ticker not changed from TEG to TSS - Triangle Sheet Show.
I did say that and that is exactly how is feel. I am pissed off and upset to say the least..
004 for all TEG SH is a disgrace and I voiced accordingly.
TEG management need to turn this all around. Get trust and faith turned back on I take on board the bad drill result but bloody .004 is just not good enough.
Got to move forward tho its our only hope.
So what will turn TEG around.
A good result at Becos and we will be back.
Do some research and you will see that WYE- ! well had some good results.
KEY and partners had arranged to go back with a rig to the WYE-1 area and drill another, had the cash and the rig booked but then covid hit and all was all cancelled. They never made it back. Now we get to do it.
I like our chances of getting oil/gas shows based on WYE-1 results but will they be commercial is likely the big question.
I just hope we can get a suitable rig this year?
We need a mid size rig for Becos, not huge, not small, but in the middle and capable and reasonable$$$.
OCTOBER
Well I think personally a big part of the smashing of our SP is plenty doubt surrounds Blingo/PGY will come thru with the cash, as the last deal signed off we received nada and had to do a rehash of the deal, if and when we will get paid in this new deal. I think there are plenty of doubters around?
So how big is October and a chance to right the ship and least get some power to the pumps to lift at least some of the sinking ship?
So if PGY default on October payments I think it will get about as ugly as ugly can get. For both sides of the camp.
Its not a scenario as SH we want for either side, so please PGY just pay us, get the deal signed and then both parties can move forward.
So we have $8mil in cash at present and we are around that in MC at present.
IF we get the first lot of payments in OCT of around $5mil given what is slated and what owed it will give us around $13mil in cash end October.
This should change TEG sad sentiment if we start to get payments from PGY and cash boosted significantly and true evidence of the TEG avoiding the CH removal $$$ liability. As a SH we live in hope. At least reassurance for market , that its underway..
Management need to show us light in the tunnel. Its real dark.
So October for TEG, could be very good financially, lets hope.
Drill rig this year for Becos lets hope.
Other areas of business at TEG is involved with proven up and delivered not just words.
I would really like to see a back to back drill those deep targets while the rig is there in place for mid next year.
Couple of very nice looking deep targets, I put my case forward to management.
Maybe IF Becos success with partners happy could really motivate for a back to back?.
How many times can you say "hope" in a post. No doubt I'm living it.
I have not sold any TEG personally thru all this, but man I feel the $$$ pain, I am sure I am not alone on that front.
ALL IMHO only as always DYOR.