Triangle Energy (Global) Ltd's Conrad Todd joins Proactive's Andrew Scott to discuss oil sales from the Cliff Head Joint Venture (CHJV) in May. Together with joint venture partner Pilot Energy (ASX:PGY), Triangle made more than A$21 million during the final lifting of oil from its Kwinana terminal to BP Singapore. Last month, the joint venture sold 139,992 barrels of oil at US$105.2 a barrel, while a further 8,287 ’tank bottom’ barrels were sold at US$75.7 each. Todd said the company was taking advantage of high oil prices to support the CHJV as it progressed its exploration and production activities.
Triangle Energy rakes in A$21 million from May's CHJV oil sales
