Triangle Energy (Global) Ltd MD Conrad Todd speaks with Proactive following news the company and its 50-50 joint venture partner Athena Exploration Ltd have been offered five blocks in the West of Shetlands gas province which contains the Cragganmore gas field. The acreage is part of the first tranche of awards by the North Sea Transition Authority (NSTA) in the 33rd UK Licensing Round and is adjacent to the Tobermory and Bunnehaven gas fields offered to British energy giant Shell. Todd also discusses a new independent valuation done on TEG by MST Access suggesting the company is worth 5.4 cents per share.
Triangle Energy valued at 5.4 cents per share
