Yes the growth is very good over 2 concecutive quarters, although the situation with A-5 and A-8 muddies the waters a little. I would expect we will see both these wells adding further to production next QTR.
TEG has clearly demonstrated the advantages of being a small operator on an existing field and imo have very clearly demonstrated their ability to 'work and enhance' these assets. No doubt the Indonesian Govt as j/v partner and ultimately the granter of PASE 20 yr extension will be pleased with progress and increased revenues to date and in that light should be most ammenable to granting the PASE renewal.
Once this occurs things will really start hotting up for TEG imo
TEG Price at posting:
3.0¢ Sentiment: Buy Disclosure: Held
