TEG 5.56% 1.7¢ triangle energy (global) limited

Ann: Trading Halt, page-46

  1. 844 Posts.
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    Walyering yeah for sure, anything they can tie into their existing gas plant makes dollars and sense. Amazing how 'reprocessing' shows a much wider field than when there was a partner in play sharing 45% of the permit / resource.

    Keep in mind WE is 50% to Strike vs 100% if they can get SE3 sorted. I'd assume Strike would like to firm up their own resources more than Hancock if they think theres a shot at it.

    Ocean Hill could be worth a punt but when you read comments like the below its not a slum dunk either.

    "Ocean Hill-1 found a 761-m gas-charged section of Cadda and Cattamarra at 3,007-3,838 m, but it had ineffective reservoir pressure that flowed a small quantity of low-impurity gas from several intervals when tested 6 months later."
    https://www.ogj.com/exploration-development/reserves/article/14284036/strike-energy-posts-independent-certification-of-ocean-hill-gas-resources

    TEG might get a hold the Beach / Mitsui rig eventually but from memory it didn't fit the timelines they are estimating in the investor presentation.
    Last edited by Desolutionary: 15/02/24
 
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