TEG CHART looking to BREAKOUT HIGHER --- UNDERVALUED??
The chart is indicating a breakout to higher levels after coming off support with very good volume.
TEG has a controlling stake in State Gas which has a value of circa $23m and TEG has a market cap of only of $25m
Seems to be undervalued at these levels IMOwith the last quarter looking very interesting
52 Wk Share Price Range
$0.02 - $0.064
Market Capitalisation
$14.03 million (at $0.02 per share as
at 29 July 2021)
Issued Capital (as at 30 June 2021)
701.4M Outstanding Shares
49M Performance Rights
1.8M Unlisted Options @$0.10
4M Unlisted Options @$0.03
Cash (as at 30 June 2021)
$598K
Investment in State Gas Limited
$22.98 million (at $0.48 per share, as
at 29 July 2021)
Top 20 Shareholders (30 June 2021)
38.35%
HIGHLIGHTS OF THE QUARTER
Storage Agreement executed and Non-Binding Offtake Terms
agreed with BP
Cliff Head Wind and Solar Joint Venture Agreements signed with
Pilot Energy Limited
Successful Capital Raising with Firm Commitments of $10M
Launch of Pro Rata Options Entitlement Offer
CH-6 Workover and CH-11 Slickline Intervention Commenced
Cliff Head Oil Field (Cliff Head) Operations
o Cliff Head JV crude sales revenue of US$1.54 million at a realised oil
price of US$59.75 per barrel (net). Sold 25,850 barrels of crude oil
o Crude oil inventory: AU$3.64 million representing 55,661 barrels of oil
stored at BP Kwinana
o Produced and delivered 60,823 barrels during the quarter. Average
production during quarter of 671 barrels of oil per day
o Lifting costs: US$27.52/bbl (previous quarter US$28.68/bbl)
o Operating profit: US$16.16/bbl
Corporate
o April 22, 2021, Storage Agreement signed with BP Kwinana and nonbinding Off Take Term Sheet agreed with BP Singapore
o May 11, 2021, Cliff Head Wind and Solar Joint Venture Agreements
signed with Pilot Energy Limited which were Conditions Precedent to
the WA-481-P transaction
o June 17, 2021, successful completion of placement of shares, raising
AU$10M
o June 23, 2021, pro rata Options Entitlement Offer launched
o June 29, 2021, CH6 Workover and CH11 Slickline Intervention
commenced
o The Company is the major shareholder of State Gas Limited (State Gas)
(ASX:GAS) with an interest of 27.67% as at the date of this report. The
investment is equivalent to AU$22.98 million in value at $0.48 (as at 29
July 2021) per State Gas share
o Cash: AU$598K (previous quarter: AU$3.11 million). May 2021 lifting
revenue of AU$1.3 million (US$976,873) was received subsequent to
the end of the quarter on 1 July 2021
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TEG CHART looking to BREAKOUT HIGHER --- UNDERVALUED??
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Last
2.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $36.26M |
Open | High | Low | Value | Volume |
2.0¢ | 2.0¢ | 2.0¢ | $8.144K | 410.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 4230315 | 1.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.0¢ | 2113287 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
11 | 4230315 | 0.019 |
15 | 3661317 | 0.018 |
8 | 2415937 | 0.017 |
7 | 2932379 | 0.016 |
7 | 1335666 | 0.015 |
Price($) | Vol. | No. |
---|---|---|
0.020 | 2113287 | 6 |
0.021 | 4518015 | 11 |
0.022 | 2200129 | 9 |
0.023 | 1868081 | 8 |
0.024 | 2258249 | 8 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
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TEG (ASX) Chart |