TEG

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2.0¢ triangle energy (global) limited

Months on price is still lower, page-31

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Quanyum

7,177 Posts.

889

26/02/17

23:52

Post #: 22919543
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Originally posted by pumper ↑

Looks like many of us a looking for answers on this stock and why the complete lack of interest.
I personally think it was the very lack luster last Qtly that really gave very little in the way of progress and very little in the way of bottom line positive cash flow. Many wanted to see something and were given very little.
I think many including me were expecting a lot better and as we now know it did not happen hence current situation. Thats all I can personally put it down too.
I too have pressed for answers. I am just as frustrated as everyone else here.
Xanadu
I have now read a couple of recent independent reports on this prospect. They are subscriber based and I am not allowed to copy and paste here. In a nutshell out of all companies involved in the upcoming drill they single us out as the best play due to the fact we have Arrowsmith which is CRUCIAL to the development of Xanadu moving forward. But done nothing for SP?
We have been given a very low chance of success at Xanadu but this as Oia mentioned is due to only processing of 2D. Very shallow water and some other geo constraints make the 3D hard to process and expensive from what I can gather. What is good news here is that we know the Perth Basin is a goer as we have CH and currently look at what AWE are doing there. Xanadu is of the same make up in geo construction as other successful drills in Perth Basin so in reading the reports I think the 14% success given is quite misleading and should be higher but only my opinion.
The other thing to take into account is that if we were to drill off shore with a jack up rig we would be looking at $18 to $20mil to drill the prospect.
We are going to use the same rig that AWE are booked to use for 2 drills starting in a few months so expected total cost is approx. $5mil for Xanadu. Our share approx. $2mil to us. Looking at dates and bookings looks likely Aug/Sep drill for us.
Xanadu is absolutely a no brainer and great deal done by Mr.Towner.
If we do have success I can't imagine what will happen here given our share of the oil and royalty from use of Arrowsmith. Don't even think that Arrowsmith won't be a big player here they got to have our infrastructure to go anywhere.
Reids Dome
I have been talking to more than one source and things have progressed here.
Those here that think nothing will be taking place in regards to Reids Dome will be proven wrong.
This is a great project with enormous potential that has been proven to have the goods as I have mentioned in previous postings.
It is screaming for development and has been for years.
Yes it will take a great deal of money and development but with the right people involved and some vision????

The above is all of my opinion only as always DYOR.

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As usual a great post P and yes it can be rather frustrating right now.
I suggest you all go to NWE forum here and go to Andys post. It has a link to a report that shows the valuation of the 3 stocks involved with Xanadu if we hit oil, bottom right hand corner of page 2

TEG Price at posting: 3.6¢ Sentiment: Buy Disclosure: Held
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Last 2.0¢		Change 0.000(0.00%)		Mkt cap ! $36.26M

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Months on price is still lower, page-31

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