Has any one got an idea how high TEG can go with more contracts etc?

As a long term bet I dont think you can do better than TEG. Especially for those retiring and wanting a share for an ISA, I also believe that TEG should be Inheritance tax free.

TEG ENVIRONMENTAL PLC (TEG.L)

Research and Development Project

Between

TEG ENVIRONMENTAL PLC and SHELL UK Limited


TEG Environmental Plc ('TEG'), the cutting edge green technology company, which
converts organic wastes into natural organic fertiliser, has entered into a
Research and Development Project with Shell UK Limited to investigate the
opportunities for the composting of oil based mud drill cuttings from North Sea
exploration activities using TEG Silo Cage Technology. The Contract is initially
to trial bioremediation of oil based mud cuttings and if this is successful the
parties will consider further the commercial potential to develop TEG Silo Cage
plants for oil based mud drill cutting processing.

Oil drill cuttings is a waste stream that arises during oil and gas drilling
activity. The material contains oil-based mud and is classified as a hazardous
waste. Currently, oil drill cuttings are subjected to thermal processing and the
residue is disposed of in hazardous waste landfill sites. The R&D work will
focus on bioremediation of oil based mud drill cuttings, which, if successful
would convert a hazardous waste to a non-hazardous end product.

The Project is for Shell to fund Research & Development work by TEG followed by
full-scale trials at TEG's plant in Perth, Scotland. Macaulay Enterprises
Limited, the commercial arm of the Macaulay Institute and a specialist
environmental consultancy and laboratory services company, will work with the
parties assessing the products and potential end use opportunities. It is
intended that the R&D work will be carried out between July and October 2006 and
the pilot scale work will begin in November 06, assuming regulatory approval at
the site in Perth.


Kathleen Howard, Project Leader, Shell Exporation & Production said:

' We are delighted to have the opportunity to work with TEG Environmental on
this research project and are optimistic about developing new cutting-edge
technology.

This project underlines our continued commitment to develop new environmentally
friendly technologies in the global oil and gas industry.'

Commenting on the research and development project, Chief Executive of TEG Mick
Fishwick said:

'We are of course delighted to reach agreement with a company like Shell and to
be a part of their progressive approach in environmental management and we are
optimistic of success in our trial work.

The control from a TEG Silo Cage system lends itself to processing difficult
waste streams and the rapid, dry composting process is ideal for environmental
control and consistent product quality. This of course represents a significant
potential opportunity for TEG, but at the same time we must be prudent and
realistic; while the laboratory trials we have carried out previously on oil
based mud drill cuttings have been very encouraging, they have nevertheless been
on a small scale and there are still a number of hurdles to be overcome before
the TEG process can become a proven commercial option for the treatment of such
materials.'


ENDS

The contract announced today should set them soaring over 100

So why didnt I BUY!!!

"Waste the investment story for 2010
www.investorschampion.com/blog