Agree with you and I'm a massive shareholder of PGY .. given the...

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pustayo

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03/02/22

21:31

Post #: 59342463
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Originally posted by RedRooster2: ↑

We have some information, thankfully.
I like the rebutle, makes Pilot's announcement read as amuerterish and grossly incomplete.
We now have a far better understanding of the regulatory compliance that is required and obviously it is a hurdle, especially with this requirement of not being engaged in.
"Are engaged in carrying out petroleum or greenhouse gas activities" (dual purpose platform)
"TEG sees the potential for future re-purposing of the infrastructure & tenures at 'End of Field Life' for renewable projects."
They also state they are actively investigating this opportunity independently of Pilot and have been for some time.
I also note this statement.
"TEG is the majority participant in the CHJV . PGY is a minority indirect participant and has no contractual right to commit the CHJV or its infrastructure to any particular renewable project"
Obviously some plans are now changed, at least now we all know more of the requirements.
I like the authoritive manner of this reply to Pilot's slap in the face, not only re Pilot, but also of where Triangle' focus is., In particular oil & drilling.
In my opinion it implies confidence, I think they have their agenda planned and are confident of outcomes.
Again looking forward to more news.
All imo.

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Agree with you and I'm a massive shareholder of PGY .. given the detail here I'm not very happy with PGY over massive shit show

TEG Price at posting: 1.7¢ Sentiment: Hold Disclosure: Held
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