Company
Triangle Energy (Global) Ltd
ASX:TEG
Triangle Energy (Global) Ltd is an experienced oil producer and explorer with operations located in the Perth Basin, approximately 270 kilometres north of Perth, Western Australia. The company is the registered operator and holds a substantial interest (78.75%) in the Cliff Head Oil Field (PL WA-31-L) encompassing the onshore Arrowsmith Stabilisation Plant and offshore Cliff Head Alpha Platform.
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Triangle Energy completes farm-out in north Perth Basin to New Zealand Oil & Gas
The company will hold 50% of Permits L7 and EP 437 with Talon Energy and new partner NZO each holding 25%.
Triangle Energy welcomes progress by partner Pilot Energy on Mid West Clean Energy Project
The Cliff Head Carbon Capture & Storage (CCS) project forms the first stage of the project with a submission for initial regulatory approvals being finalised.
Triangle Energy’s Cliff Head JV completes tanker load for export to Asian refinery
“The truck-to-tanker export route is now established and the CHJV is now focusing on streamlining and reducing operating expenses for this export route," said Triangle Energy MD Conrad Todd.
Triangle Energy raises $6.72 million on monetising State Gas shares
This represents a reduction of approximately half of TEG’s holding in State Gas, still leaving it with a 10.1% holding after dilution by the recent placement.
Triangle Energy “sets the course” for carbon capture storage project with Pilot Energy
Pilot is set to assume a 60% interest in the Cliff Head oil field and the CCS asset, while Triangle will take up the remaining 40%.
Triangle Energy and JV partner welcome delivery of oil to Thai refinery and upcoming ~A$6.8 million payday
“The payment for oil delivery to a refinery in Thailand is the final confirmation of the viability of the truck-to-tanker export route," MD Conrad Todd said.
Triangle Energy secures remaining interest in onshore Perth Basin permits from Key Petroleum
“In addition to purchasing the interests in the permits, Triangle has bought back the 5% production royalty from Key, which makes the permits more valuable," said MD Conrad Todd.
Triangle Energy’s Cliff Head joint venture exports second oil load-out through Port of Geraldton
The AB Paloma chartered tanker, laden with roughly 51,000 barrels of oil on board, has departed for the Thailand refinery.
Triangle Energy's Cliff Head JV project loads first oil on tanker bound for Singapore along new export route
The new export route utilising the Port of Geraldton will enable the continuation of oil production in the Perth Basin for both the Cliff Head Oil Field and other Perth Basin producers.
Triangle Energy and partner begin workover at Cliff Head 10 well
This work is expected to increase production at the Cliff Head Joint Venture by 130 barrels of oil per day and lift field production to above 800 barrels of oil per day.
Triangle Energy and partner bring in A$21 million from Cliff Head JV oil sales in May
The sale marked the final lifting of oil from the joint venture’s Kwinana terminal to BP Singapore, and it netted US$15.36 million (A$21.34 million) with Triangle's share amounting to A$16.8 million.