Been observing on the sides for awhile keeping hope but page 4 of the annual report shows a pretty damning situation and pretty much sums up the current state of everything. Out of the 8 sites reported on that page, the summary is...
1 site that is producing oil:
- Rosalee #5150
1 site still being explored:
- Hudson #55
2 sites that is producing oil but has been suspended/shutdown:
- JT Reese #17
- JT Reese #14
2 sites that turned out to be a dud (non-productive) but TTE still maintains an interest:
- Permit 455 (joint with AWE)
- JT Reese #23
2 sites that turned out to be a dud (non-productive) and was shut down/written off:
- Rosalee #40
- JT Reese #15
Thus, out of the 8 sites, only 1 is operation and 1 other is still being "explored" while the other 6 are completely non-operational. Unless i missed something from the annual report, i don't see any prospects at all for TTE to be a company maker.
Been observing on the sides for awhile keeping hope but page 4...
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