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Re: littlejohn post# 477

Wednesday, 08/03/2022 11:36:36 AM

Wednesday, August 03, 2022 11:36:36 AM

I know you've probably already gone over this but the TGA Egypt PSC is flat out horrible!

Heavy sour grade to start with and TGA gets taken for the bulk of it

I'd really like to know the intentions there, I'd prefer not to see a merge unless they have a plan to sell those assets

TGA is locked in and probably has no choice but to either merge or continue with a lousy PSC in Egypt

slide 11 in this presentation

https://s24.q4cdn.com/107256193/files/doc_presentations/2022/06/Corporate-Presentation_FINAL.pdf

If they didn't have the Canada leases, TGA would be teetering on disaster, IMO

spec

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