On some rough calc's:
Over the week, perhaps 3-4% of the MC traded - looks like at this stage in TEG's business plans, most are holding!?
The sum of the parts:
1. 2 Drills planned - value potential -ve to multiples of MC
2. PGY business plans progressing, raising Capital $4 Mil, Govt. grant $6.5 Mil - looks like they'll get a green light?, still some months away! perhaps the Govt. grant is an indication all will go to plan?
3. Pipeline of activities:
ie. New Ventures
o Triangle is in the process of being awarded a further 9 blocks in the UK
(Tranche 2) as part of a Joint Venture with Orcadian Energy. These
contain low risk shallow gas potential.
o Triangle has further applications under consideration in the UK and
hopes to be able to announce progress on these in the near future.
o Triangle is also pursuing opportunities in Australia and Asia and has
applied for a new permit in Asia. Negotiations for a Petroleum Service
Contract with the Philippines Department of Energy have commenced.
This next FY could see a dramatic change in TEG's business - they appear to methodically moving forward, raising sensible amount of funds, sharing costs of the Drilling and leaving Cliffhead behind in the hands of Pilot, if Pilot achieves their plans.
Is it all therefore hanging off these drills in August & later in the year? What might the sum of the parts be? Of course if the drill hits hydo-carbons? where might TEG's SP be?
Minority of SHLDRs appear to be active daily!?
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On some rough calc's:Over the week, perhaps 3-4% of the MC...
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Last
0.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $14.56M |
Open | High | Low | Value | Volume |
0.7¢ | 0.7¢ | 0.7¢ | $683 | 97.64K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 6316280 | 0.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.7¢ | 4399305 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
11 | 6316280 | 0.006 |
13 | 7371000 | 0.005 |
18 | 19243614 | 0.004 |
37 | 37501338 | 0.003 |
13 | 24453500 | 0.002 |
Price($) | Vol. | No. |
---|---|---|
0.007 | 4399305 | 5 |
0.008 | 5841896 | 14 |
0.009 | 4173305 | 11 |
0.010 | 2081305 | 5 |
0.011 | 2466667 | 2 |
Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
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