Triangle Energy (ASX: TEG) is in pre-open this morning following the ASX granting the company a trading halt, pending an update on the operatorship of Pase Block in Aceh.
Pase is located in the Aceh Province, North Sumatra, Indonesia, with Triangle having previously signed a Memorandum of Agreement with the Acehnese Government owned company Perusahaan Daerah Pembangunan Aceh.
The latest available information has production during the December quarter 2012 totalling 88.6 MMcf. The Gross PSC revenue on production for the March quarter 2013 was US$1.754 million. Additional cash receipts / refunds for the period were US$1.126 million.
The halt will last until the earlier of an announcement being made to the market, or the opening of trade on Wednesday 31st July 2013.
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