The simple fact remains IMO that TEG is stupidly mispriced by...

The simple fact remains IMO that TEG is stupidly mispriced by market. Sure the field production right now is low and barely economic, sure they have a rehab cost if and when they wind up their production assets but we're seeing clear intent from management to extend the life of the field and restore production into a profitable range with targets above 4,000bbls a day. It's planned to develop in 2022. The stabilisation facility can candle 15,000 bbls/d so it's relatively CAPEX light to develop their reserves.

As we stand there are 620m SOI at 3.4c, that values the company at ~$21m

The TEG owned 47,830,148 shares in GAS worth $32 m at 67c setting an asset backing at 5c per TEG share. This is if you ignore the $450 million dollar Cliff Head development, ignore the 20% free carry in the PGY clean energy project, ignore the exploration upside, ignore the value of the pipeline routes etc etc.

TEG IMO should and will trade well above 5c in the near term, mid term it's a 20c stock