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ASX:TEG

Triangle Energy (Global) Ltd

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Market:
ASX
Market Cap:
$22.58 m
Price
0.02 AUD
Change
0.00%
52 weeks high
0.04
52 weeks low
0.01

In brief

Triangle Energy (Global) Ltd (ASX:TEG) is an oil producer and explorer that has a majority interest in and is the operator of the producing Cliff Head Oil Field offshore Perth Basin and which includes the Arrowsmith Stabilisation Plant.

The company also has a 50% share of the Mt Horner L7 production licence and a 45% equity interest in the Xanadu-1 joint venture, both in the Perth Basin.

Additionally, Triangle has a substantial equity interest in State Gas Ltd (ASX:GAS), which has a 100% operating interest in the Reids Dome production licence (PL 231) in Queensland.

Snapshot

  • Triangle Energy brings CH-6 well back online as workover program comes to an end
  • Triangle Energy and Pilot formalise WA-481-P and Cliff Head Wind and Solar joint ventures
  • Triangle Energy CEO says market will soon wake up to the value in its oil & gas portfolio

Insight Widest with the analysis, Proactive gives perspectives that others don't.

Triangle Energy and Pilot formalise WA-481-P and Cliff Head Wind and Solar joint ventures

The transaction creates alignment across the oil and gas exploration project (WA-481-P), the adjacent oil production project (Cliff Head Oil project) and the renewables joint venture.

on 11/5/21