TEG 0.00% 2.0¢ triangle energy (global) limited

Section 9.4 & 9.5 page 16, page-14

  1. 790 Posts.
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    Fair point on production. I'm eager to see the remodelling of the reservoirs to see the rate at which we expect this to continue to decline and how soon we can boost it with works.

    Otherwise -
    • Monterra payments ($300k drag a quarter) finalised so significantly reduced cash expense moving forward
    • No breakdowns, uninterrupted production for whole quarter
    • Reduction in lifting costs
    • CH & AS development underway
    • 3D seismic tender complete and plan submitted. This is progress from previous quarter, albeit delay is disappointing. No indication as yet that this won't be completed this CY
    • GAS - seismic re-processing 1/2 complete and planning for new drilling commenced
    • GAS - Management and board hires
    Not to mention the rising oil price environment.

    How would you define momentum?
 
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