My point was that the same pie keeps getting split up but TEG still has a high cap value despite there being no revenue streams from production.So it's definitely buying into the punt.ECH has zero share price appreciation built in for the punt. Even though we are all excited about it, we will retain our capital and write off the drill cost against revenue.I'm hopeful for success.Lets hope that TEG management are better at geology than compliance.Fungers crossed for a winning outcome!!
Ann: Drilling starts at Booth-1 well in North Perth Basin, page-22
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