TEG 16.7% 0.7¢ triangle energy (global) limited

Ann: Cliff Head Operations Update, page-9

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  1. 260 Posts.
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    Did your pool pump cost $2M+ to replace? Although this is not a trivial issue, in normal circumstances I would agree it was business as usual - but this well obviously produces over 25% of their total production and these guys have no capital, then there is that famous Tamarind loan due.......

    I thought the oil price had saved them - but perhaps not. This quarter promised to be show good cash generation - but not anymore I suspect.

    GLTAH and DYOR
 
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