No way $$28billion cap STO would be stressed about a 30mill CH Liability ... TAX right-off at worst ... they have the capital base to do what TEG haven't been able to do .. and get CH to stage-2 3000bopd get sales pipeline in place etc
.. they could pick up a nice set of projects in the "Perth basin" ..onshore and off taking out PGY/TEG for a few peanuts ... I know our mgmt is concerned of a predator picking up the lot for much less the the ex price of TEGO..(Also a concern of mine with 6.5mill TEGO)
But I don't know if STO has much in the Perth area ..if it aligns with their forward plans ...
But what a Bargain for the taking .. Onshore Prospective Gas upside 630BCF+
any major could do it for scrip ...many TEG/PGY S/H would likely jump at the option if at a decent premium ...
the likes of STO could well pickup TEG for Cash-backing + GAS shares ...get the rest for free
News: TEG Triangle Energy (Global) Raises A$3.5 Million For Production Upgrades, page-139
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Mkt cap ! $8.320M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.4¢ | $28.89K | 7.228M |
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| No. | Vol. | Price($) |
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| 8 | 4756931 | 0.4¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 10612742 | 22 |
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