Ann: Company Update, page-12

Yes that is the big Q?
I would rather sell out on future production at say 50% if we can have lifeline to field extension and growth in production from the 850bpd roughly after CH10 repairs.
TEG needs a crack at more drilling and something new brought to the table asap.
Current O&G environment now would have changed previous strategies.
This current Board knows they will have to create a change and a different look moving forward for TEG or we will get nowhere.
No doubt the Directive from AAF would have been to move forward differently as a company as we have been going backwards at TEG for a while.
The fact we are still here and trading today is a credit to our old Board and team at TEG after zero oil and the BP shafting.
But now we need a new future and some new news at TEG.
Look at today we are informed officially that there are 2 options out of POG and one will be confirmed in near future and market goes big deal.
Yet that is crucial news to future income and survival for TEG.
Reality is we are currently priced as an explorer not a producer and that is without taking into our account the GAS holding which is not far off our current MC. Go figure because I can't.
Is today the start of the turning point for the TEG. I hope so.
Above AIMHO.
GO TEG