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2.0¢ triangle energy (global) limited

You've been here long enough to know most of your post is...

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Oxytorus

790 Posts.

171

02/02/21

16:29

Post #: 50646236
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Originally posted by bobbym: ↑

Well there's little or no future in CH. For years they have been singing the old chestnut of producing a 1000 BPD when we know it's around 750. The platform is old and in constant need of maintenance, don't mention the decom costs! Unless there is a significant new oil find in region ( Xanadu proved there probably isn't) I can't see much of a future,Not to mention the exploration costs are massive in the search for new oil.
TEG has all the hallmarks of a rinse and repeat stock. They were fortunate with GAS which is the sticky tape holding it all together.
maybe they can switch into new hydrogen tech with Pilot and convert the platform and arrow to suit. AS for BP - it's gone and what little margin they have currently in producing oil will be soaked up in transporting costs to overseas.

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You've been here long enough to know most of your post is BS. They've hit 1000 bopd multiple times. Outside of a busted flowmeter, the platform hasn't required any additional funds. Xanadu proved there was undiscovered oil in the region.

There's been enough bad luck and poor decisions. No need to spread BS on top.

TEG Price at posting: 3.0¢ Sentiment: Hold Disclosure: Held
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Last 2.0¢		Change 0.000(0.00%)		Mkt cap ! $38.08M

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Price($)	Vol.	No.
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Price($)	Vol.	No.
0.020	1517637	6
0.021	2854749	10
0.022	3403531	11
0.023	4009104	9
0.024	1822899	8

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