TEG

6.67%

1.6¢ triangle energy (global) limited

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alexei ii

3,009 Posts.

5730

14/10/22

10:26

Post #: 64196056
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Originally posted by TheWiggles: ↑

Its worth cutting through the hype and emotions and look at the numbers. The last quarterly report TEG reported that CH was doing 508 bbl/d average. Lets use 500 bbls/d and an AUD100/bbl for a quarter or 90 days. The revenue is $4.5 million. The Qtr report state roughly that TEG spend around $5 mill/qtr keeping CH going anf the doors of the office open.

You then need to add exploration spend like the seismic in L7 and all the costs that go to that like all the consultants processing the seismic and doing the interpetation. Any down hole pump failure adds to the pain plus any other high cost maintenance.

Its not long to you get to the conclusion that TEG is loosing money every day it keeps CH going. Talk of boat loads of oil sales is just hype to mask the truth - CH looses money. Problem is they cannot afford to shut it in and be liable for the abandonment costs. What do you do?

Pretty simple: Keep the lie going whilst you try and get concessions from the regulator by calling it a carbon capture and storage project.

Selling State Gas is just the reality of a business failing. You'll probably find that the Regulator is insisting that TEG domonstrate they have funding for abandonment. As shareholders you'll never know the real truth. BUT what you can see is just how much money and lost opportunity you all have been exposed to by owning TEG shares.

Sure you can keep posting on HC how undervalued TEG is but the truth is that holding TEG and waiting YEARS for a turnaround is just plain dumb. (be honest - how long have you kept money in this stock)

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...you can spin your yarn to your kids audience...

last time i checked, oil was at ave >130AUD/bbl
they were getting an extra 100bbl/day on top of the 580bbl/day, so that makes it a bit closer to $8M/qtr gross on a 100% basis.

TEG Price at posting: 1.4¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 1.6¢		Change 0.001(6.67%)		Mkt cap ! $29.01M

Open	High	Low	Value	Volume
1.5¢	1.7¢	1.5¢	$413.2K	26.27M

Buyers (Bids)

No.	Vol.	Price($)
7	6324895	1.5¢

Sellers (Offers)

Price($)	Vol.	No.
1.6¢	1418333	2

View Market Depth

No.	Vol.	Price($)
7	6324895	0.015
26	36001160	0.014
19	11813589	0.013
7	4476633	0.012
11	1459032	0.011

Price($)	Vol.	No.
0.016	1418333	2
0.017	9997275	1
0.018	11027894	5
0.019	11085000	4
0.020	3482148	6

Last trade - 16.10pm 02/08/2024 (20 minute delay)

TEG (ASX) Chart

Do the math, page-4

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

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Cost blow-out for Rook I uranium project sees share plummet for NexGen

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Do the math, page-4

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Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

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