TEG 0.00% 11.0¢ triangle energy (global) limited

Xanadu - What could it be worth??

  1. 275 Posts.
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    I wanted to get an understanding of what success at Xanadu may look like for the share price.

    Did a bit of digging in the old NWE announcements and found some guesses around what might be there in the ground. Concocted the following using the number supplied by NWE. Used $10 net per barrel and came up with the following for TEG potential share price and current multiple.


    No wonder Tamarind are interested in this prospect. Can't understand why people are quibbling about the extra cent when purchasing, when the company is valued at less than the GAS share value? Especially given the potential upside of Xanadu.

    I think the chance of success percentages were given prior to the last drilling and discovery. Puts a whole new slant on it really.

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