Triangle Energy (ASX: TEG) will soon release details of a signed letter of intent that retains for the company both onshore and offshore acreage for exploration and exploitation.
The company has been granted a trading halt by the ASX pending the news.
Triangle Energy said in its September quarterly report that it had reviewed a number of potential exploration and development opportunities within Indonesia.
The halt will last until the earlier of an announcement being made to the market, or the opening of trade on Thursday 13th December.
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