TEG 5.00% 2.1¢ triangle energy (global) limited

Fair comment Red. But when a company does a SPP @ 5.5 cents in...

  1. 21,179 Posts.
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    Fair comment Red. But when a company does a SPP @ 5.5 cents in February and then reports the following at the end of March, 2011 Workover program
    ? All workover service contracts awarded
    ? Civil works undertaken in preparation for workover
    program
    ? All critical equipment sourced including tubing, valves,
    spools and fittings.
    ? Production tubing shipped to site
    In the final week of the quarter the main rig
    camp commenced mobilisation and the rig
    contractor secured a barge for mobilisation of the rig.

    And with their current SP slashed to 3 cents, I don't think that it unreasonable, 2 MONTHS later to expect a progress report. Or, do we have to wait until the next QR in July when our SP will be ????
 
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