Ann: Pivotal Carbon Capture and Storage Approval for Cliff Head, page-31

I think you are right @Norgate, TEG really remains all about the drilling campaign. The real value uplift for TEG comes on the back of drilling success. TEG now has a chance to both get rid of CH and drilling success which would be the best outcome. TEG would still be OK with drilling success even if CH remained unresolved. The reverse isn't true though, CH resolved and an unsuccessful drill won't take TEG anywhere.

Dissolving CH does mean that TEG will be cashed up for the drilling campaign. $3m from PGY and they should also get a few million extra for the last CH offload. (instead of having to pour that cash back into the next quarters production costs)

IMO getting rid of CH means that TEG has just become a much simpler proposition for new investors. Small cap Perth Basin based explorer about to drill 3 holes with most of the costs covered by farm in partners. Any Perth Basin media interest, be it PGY, Hancock/STX or others, will also shine a light on TEG. As that message gets out, and we head towards spudding Booth SP should climb. (Have a look at January this year when The Australian posted their article on TEG and the SP went up 20% on the day) (and to add that was with a drilling campaign mistakenly listed as starting in 2025)