TEG triangle energy (global) limited

no worries pk762011 workover program will be highly significant...

  1. 7,675 Posts.
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    no worries pk76

    2011 workover program will be highly significant and the potential for a SIGNIFICANT increase in production is tangible. If it as successful as the company hopes we could be looking at multiples of current production levels.

    Other expected developments for 2011 are ;

    PASE renewal 20 yrs, current arrangement expires sometime in early 2012
    Upon renewal the company will be able to move forward with its exploration program ( as opposed to the workover program) having identified multiple shallow oil and gas targets yet to be tested with the drill.

    Other points worthy of consideration are;
    no debt
    positive free cashflow
    very tight register
    divvie (and potential for increased divvie)
 
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