Again, I have a large position in TEG so I am not trying to...

Again, I have a large position in TEG so I am not trying to scare anyone away from this company. I just want to caution people that there are two sides to everything. Stocks with very little dollar value tend to get people to put more money in than they can afford to lose if they are new investors. "Why not own hundreds of thousands of shares it has to make me money...right?"


To expand on my comments on Reid's Dome.

I have posted a piece from the 2010 Annual Report. Page 21. Note the last line of the paragraph. It would seem that the paragraph is very positive but it ends with a very puzzling statement. Why would you be reviewing the position with so much positive? In addition this is the only page that goes in to detail about anything other than the PSC.

As I first posted "Eggs are seemingly all in one basket"

If the PSC is a possibility and Reid's Dome is already owned (partially) would Reid's dome be considered the asset and PSC a future project?

I guess guaranteed was more of a fantastic comment but again it is already an owned asset as opposed to a bid on an expiring tenancy.

I will no longer post any negatives as I have put alot out their instead I will enjoy the ride with everyone else. Bit of a run today. Bunch of money in my pocket and I get to move my stop losses!!! Bonus.


""Other Assets
Reids Dome Tenement (PL 231, Bowen Basin, Queensland)
The Reids Dome Tenement (PL 231) covers an area of 181 km2 on the western
flank of the Bowen Basin in Queensland. The Reid?s Dome Gas Field is situated
within Reids Dome Tenement and based on initial reservoir studies, a reserve
of up to 1 Bcf of gas is indicated for the three wells drilled on the Reids Dome
Gas Field prior to November 1994.
The 1993 appraisal well in the Reids Dome Gas Field, drilled by Victoria
Petroleum N.L. Aldinga North-1, flowed gas at a rate of 1.2 million cubic feet
per day.
Drilling of the Primero-1 well to 1,565 metres in the northern part of the Reids
Dome Tenement twinning the original shallow gas discovery well, AOE-1
commenced in late June 2006. Early success was encountered in July 2006
with Primero-1 testing a gas flow of 2.8 million cubic feet per day from the
field?s shallow gas sand at 150 metres. Drilling of the deeper target which
encountered numerous oil and gas shows in the original heavily mud invaded
AOE-1 was carried out. Additional gas zones have been intersected in the
Reid?s Dome Beds around 1,500 metres.
Following the completion of drilling at Primero-1, an extensive testing program
was commenced to determine the reserves of the Reids Dome Gas Field at the
shallow horizon with a view to the potential commercialisation of the gas field,
subject to sufficient gas reserves being proved.
The Reids Dome Tenement is 40% owned by Victoria Petroleum N.L., 40%
owned by Dome Petroleum Resources plc and 20% owned by Triangle Energy
(Global) Limited. Victoria Petroleum was the operator of the Reids Dome
Tenement, by virtue of a joint venture agreement. Triangle Energy is undertaking
a strategic review of this asset.""