TEG 18.0% 4.6¢ triangle energy (global) limited

triangle energy tight like a tiger

  1. 7,675 Posts.
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    formerly Maverick energy (mrk)

    Have taken a tour of the new website, looks to be plenty of upside in the Pase project. They are expecting production of approx 6.5 mmcfd for December with sales thru the Arun LNG plant at prices between $7-$10 MCF.
    Seems to be fair scope for large increases on the production front.

    The Pase field is estimated to contain 498 BCF and has so far produced 183 BCF with some wells historically producing up to 80mmcfd.

    The register is nice and tight with top 20 holding nearly 84% of stock on issue and a fairly large slice of that sits in the hands of management.

    If December production forecasts are met TEG will have revenue of around A$1.4m per month

    I think this one warrants a closer look, who else is watching this company ? What do the old Maverick shareholders think of the new projects ?
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Last trade - 14.45pm 25/05/2020 (20 minute delay) ?
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