This is just so VERY GOOD for all TEG holders moving forward.Wow...

This is just so VERY GOOD for all TEG holders moving forward.
Wow what a relief right, it has been Sooo long and drawn out this application.
Let me tell you it was getting that overdue and drawn out I was starting to have my doubts about the application approval.
But here it is, all approved and this should get plenty of press AND don't you all know we are about to embark on some serious drilling very soon in PB.
Great timing,
This all gives TEG a new LOOK and FEEL and leaves the horrible Financial liability right out at the back door nearly ready to be thrown out with the trash.
The old CH Field is in its last gasps of production and its fitting that the old girl will now find another new life.

Great outcome for all involved and Very well done to CT and Team who put in hard on this application and Blingo and his team who also went and worked hard to get all this thru.
Very exciting times ahead for us all at TEG for sure.
Such an EXCELLENT outcome.

Highlights
• Federal Resources Minister Madeleine King has approved the Cliff Head Carbon Capture and Storage (CCS) Declaration of Greenhouse Gas Storage Formation (DoSF)
• The decision satisfies a key Condition Precedent of Triangle’s sale of its interest in the Cliff Head JV to its partner Pilot Energy (ASXGY)
• Under the sale agreement, Triangle will receive staged payments of $7.5m cash and up to $7.5m in royalties
• Triangle is focused on the upcoming drilling of the Booth-1 and Becos-1 wells in the Perth Basin as well as advancing its highly prospective international acreage

This approval triggers the sale of Triangle’s 78.75% interest in the Cliff Head project to Pilot Energy as detailed in the ASX announcement of July 27, 2023.
GO TEG