With PGY and KEY as well as GAS all having dealings with TEG the...

With PGY and KEY as well as GAS all having dealings with TEG the SP should be over 2.0 cents
AND the Options are a bargain at .002
The re rate has to happen soon.
MAJOR MILESTONE FOR CLIFF HEAD OIL EXPORTNew Tanker Export Route Established Geraldton -Singapore• Cliff Head Joint Venture exports first oil through Port of Geraldton

• Successful loading of 24,500 barrels of oil into chartered tanker• New Route ensures continued ability to sell oil from the Cliff Head Oil FieldThe Cliff Head Joint Venture (CHJV) is pleased to advise that it has completed the first load-out of oilfrom its recently refurbished and expanded storage tanks at the Arrowsmith Stabilisation Plant (ASP)facility onto a chartered tanker, the AB Paloma, at the Port of Geraldton.The CHJV trucked 24,500 barrels of oil from ASP to the Port of Geraldton between Friday the 8th andMonday the 11th of July and loaded it onto the AB Paloma. The tanker will remain on standby while theCHJV produces and stores a further 25,000-30,000 barrels, which will then be loaded onto the tanker,in approximately 6 weeks.

The AB Paloma with its cargo of oil will then head for Singapore for sale torefinery.This new export route will now enable the continuation of oil production in the Perth Basin for both theCliff Head Oil Field and other Perth Basin producers and will facilitate the CHJV to continue to progressplans for alignment on the future utilisation of the Cliff Head Facilities.The CHJV would like to acknowledge the support and assistance received from the Port of Geraldtonin the planning and execution of this new oil export route.Mr Damian Tully, CEO of Mid West Port Authority (MPWA) said: “We are excited to facilitate a newtanker export route through Geraldton, enabling the supply chain and demonstrating that MWPAcontinues to provide a viable trade opportunity. I congratulate the CHJV on this significant milestoneand we look forward to continuing our work with them.”

The Cliff Head Field is expected to increase production in Late August when the CH10 well workover iscompleted. This workover will resume late July when the long lead items (LLI’s), specifically the electricsubmersible pump, arrives in Australia. These LLI’s were purchased using funds from the capital raiseundertaken in May this year.