I bought some TEG this week. I did this because I'm seeking exposure to the Perth Basin and when I look around TEG seems the most attractive option. WGO and NWE have run their race (and are both subject to takeover offers), STX IMO is now too expensive and I hold BPT. This leaves TPD and TEG. What draws me to TEG is that it has 75% ownership in L7 and EP 437 and is still reasonably priced with market cap approx. $30 mio. My thinking is that these permits will hopefully be sought after by the big players in the scramble for strategic assets in the Perth Basin. Both permits seem to have good prospects, hence the 25% farm in by TPD.
GLTA & DYOR
Ann: Triangle Farms Out Permits L7 and EP 437, page-299
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Last
0.5¢ |
Change
0.001(12.5%) |
Mkt cap ! $9.360M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.5¢ | 0.4¢ | $33.45K | 8.214M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 31 | 47163872 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 7793501 | 15 |
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| Last trade - 12.26pm 04/09/2024 (20 minute delay) ? |
| TEG (ASX) Chart |