TEG triangle energy (global) limited

Stay positive Gassed man we are puming the sweet stuff out of...

  1. 1,157 Posts.
    lightbulb Created with Sketch. 292
    Stay positive Gassed man we are puming the sweet stuff out of the ground at a nice profit and plenty of drilling at Reids Dome has already confirmed lots of potential with Mr.Towner now in full flight on getting Reids developed with other parties that are keen as well. We have got to have a crack at it it is just sitting there.
    Share register tight and we have cash flow so some mighty good news from Mr. Towner and we are away. Kissitgoodbuy.
    Now take a read of below guys its from last year the Energy News Bulletin when EXR thought they were going to pick up CH.
    RB chairman of Exr was on the initial discovery team for CH back in 2001 and was interviewed on further development of our CH permit.

    Q you should like this. Good read.

    Fondness
    Elixir chairman Ray Barnes, who used to be the chief technical director at Voyager Energy around the time of the original Cliff Head discovery, retains a fondness for the Mentelle prospect, one of the many Perth Basin heartbreakers.
    "There is a reef, Horseshoe Reef, and we weren't able to get good seismic over it, so we drilled the well as close as we could get on not very good seismic coverage, an experience that always fails in my experience, and subsequently we shot some more seismic and it was clear that we were right off the structure," he explained.
    Mentelle-1 had oil shows, and Barnes believes there's a good case to be made for drilling a well up-dip.
    "As an explorer, that's the kind of thing that gets me out of bed in the morning."
    There are also potential untapped reserves in the western part of the Cliff Head field, where well performance suggests there is more oil that isn't being produced.
    There is more technical work to be done to understand where the oil is.
    There could be an additional 5-10MMbbl in the area, which is enough to extend the field life.
    "What we have come to understand is that both parties, AWE and ROC (Fosun) have carried this upside on their books, and at different times they have been interested in doing some work to investigations, but it has never happened at the same time, so they have never been able to co-include their aspirations. ROC and AWE have really focused on production," he said.
    Prospects identified so far range from high impact exploration (Mentelle updip), low risk appraisal drilling, EOR projects and several other opportunities, such as the Cliff Head South lead and the SE Lobe.

    Above my opinion only as always DYOR.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
0.3¢
Change
0.000(0.00%)
Mkt cap ! $6.267M
Open High Low Value Volume
0.3¢ 0.3¢ 0.3¢ $2.49K 830K

Buyers (Bids)

No. Vol. Price($)
50 66096131 0.2¢
 

Sellers (Offers)

Price($) Vol. No.
0.3¢ 13656874 19
View Market Depth
Last trade - 10.18am 17/07/2025 (20 minute delay) ?
TEG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.