Yes this doc/release appears to me to be started in 2023 and due for release end 2023 and for whatever reason they have waited until now to release. El Typo given its 2024. This is still a very nice upgrade and continues with the theme of get ready and expect anything to happen. There is now a renewed thought process going into PB oil now because of the MIN oil find and I expect what will occur PB in the future in regards oil. Exciting and good and massive potential as its not like TEG is drilling into total wildcat or the unknown as the Horner has produced plenty oil before and very good coin has been made previously from this so we know there is a proven hydrocarbon system already there, also as most of us aware we are now looking at structures that are very similar to not that far way that have had significant discoveries. The 3D seismic is a game changer for sure and does now point out that the area has plenty of very juicy opportunities to take a crack at.
I see even more game on for TEG once the NOPTA CCS approval is given and the CH is handed over to PGY who can't wait to get their hands all over it and that certainly suits us on many fronts. $$$$$$$$$$ I doubt SN at Strike will go into drilling with just 25% of the permits but I could be wrong. Problem he has is if he does not Strike early then if any of the the first 2 drills do make a nice hit in structure then it will be a game on because I think Mitsui also like what they see here. Then there is MIN and Gina to contend with. All this oil; update will more than likely have that crew at MIN just a tad keen as well if an oil discovery is made. What I can guarantee you is CT and Mike are very positive about the OIL potential here at TEG as stated. L7/437 just keep Building and Continually looking better. It is PRIME PB TURF screaming to be drilled that is or sure.
More success in UK and the possible granting of a permit/s in the Philippines will mean that more than likely the TEG will continue as an entity with new projects and the L7/437 permits sold off and a very nice dividend paid to its SH, possibly. Going to ne a massive year for TEG 2024. GO TEG Above AIMHO as always DYOR.
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