Triangle Energy Global : Appendix 3B

ASX Announcement

4 December 2019

ASX:TEG

Appendix 3B

Triangle Energy (Global) Limited (ASX: TEG) (Triangle or the Company) refers to its announcement of 2 December 2019 in relation to the results of its pro-ratanon-renounceable entitlement offer (Entitlement Offer) to eligible shareholders of quoted options in the Company at an issue price of $0.001 each and on the basis of 1 new quoted option (Option) for every 5 shares held on the record date.

In accordance with the timetable, the Company now provides the Appendix 3B for the issue and allotment of the Options

Released by the Company Secretary on behalf of the Board.

ENDS

For more information:
Mr Robert Towner	Mrs Lucy Rowe
Managing Director	Company Secretary
E:[e-mail]	E: [e-mail]
Ph: [phone]	Ph: [phone]
General Shareholder Enquiries:	[e-mail]

About Triangle Energy (Global) Ltd

Triangle Energy (Global) Ltd is an ASX listed (ASX:TEG) oil producer and explorer based in Perth, Western Australia. The Company has a 78.75% interest in, and is Operator of, the producing Cliff Head Oil Field, which includes the Arrowsmith Stabilisation Plant. Triangle also has a 50% share of the Mt Horner L7 production licence and a 45% share of the Xanadu-1 Joint Venture, both located in the Perth Basin. Triangle also has a substantial equity interest in State Gas Ltd (ASX:GAS), which has an 80% operating interest in the Reids Dome production licence (PL 231) in Queensland. The Company continues to assess acquisition prospects to expand its portfolio of assets.

Triangle Energy (Global) Limited ABN 52 110 411 428triangleenergy.com.au

Suite 2, 100 Havelock St, West Perth WA 6005 | PO Box 51 West Perth WA 6905 Australia

1. [phone]

Appendix 3B

New issue announcement

Rule 2.7, 3.10.3, 3.10.4, 3.10.5

Appendix 3B

New issue announcement,

application for quotation of additional securities

and agreement

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 01/07/96 Origin: Appendix 5 Amended 01/07/98, 01/09/99, 01/07/00, 30/09/01, 11/03/02, 01/01/03, 24/10/05, 01/08/12, 04/03/13

Name of entity

Triangle Energy (Global) Limited

ACN

110 411 428

We (the entity) give ASX the following information.

Part 1 - All issues

You must complete the relevant sections (attach sheets if there is not enough space).

1. +Class of +securities issued or to be issued
2. Number of +securities issued or to be issued (if known) or maximum number which may be issued

Quoted Options

47,576,398

3 Principal terms of the +securities (e.g. if options, exercise price and expiry date; if partly paid +securities, the amount outstanding and due

dates for payment; if +convertible securities, the conversion price and dates for conversion)

Quoted Options with an exercise price of $0.12 each and expiry date of 30 September 2020

+ See chapter 19 for defined terms.

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4 Do the +securities rank equally in all respects from the +issue date with an existing +class of quoted +securities?

If the additional +securities do not rank equally, please state:

• the date from which they do
• the extent to which they participate for the next dividend, (in the case of a
  trust, distribution) or interest payment
• the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment

No, however shares issued upon exercise of Quoted Options will rank equally in all respects with fully paid ordinary shares on issue.

1. Issue price or consideration
2. Purpose of the issue
   (If issued as consideration for the acquisition of assets, clearly identify those assets)

6a Is the entity an +eligible entity that has obtained security holder approval under rule 7.1A?

If Yes, complete sections 6b - 6h in relation to the +securities the subject of this Appendix 3B, and comply with section 6i

6b The date the security holder resolution under rule 7.1A was passed

$0.001

Quoted Options issued on completion of Non-Renounceable Entitlement Offer - see Prospectus dated 7 November 2019 and announcement dated 2 December 2019

Yes

19 November 2019 (approved at 2019 AGM)

6c	Number of +securities issued	Nil
	without security holder approval
	under rule 7.1

+ See chapter 19 for defined terms.

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6d Number of +securities issued Nil with security holder approval under rule 7.1A

6e Number of +securities issued Nil with security holder approval under rule 7.3, or another specific security holder approval (specify date of meeting)

6f Number of +securities issued under an exception in rule 7.2

6g If +securities issued under rule 7.1A, was issue price at least 75% of 15 day VWAP as calculated under rule 7.1A.3? Include the +issue date and both values. Include the source of the VWAP calculation.

47,576,398 (Exception 1)

N/A

6h	If +securities were issued under	N/A
	rule	7.1A	for	non-cash
	consideration, state	date	on
	which		valuation		of
	consideration	was released	to
	ASX Market Announcements
6i	Calculate the entity's remaining
Refer to Annexure 1
	issue capacity under rule 7.1 and
	rule 7.1A - complete Annexure 1
	and release to ASX Market
	Announcements
7	+Issue dates
			4 December 2019

Note: The issue date may be prescribed by ASX (refer to the definition of issue date in rule 19.12). For example, the issue date for a pro rata entitlement issue must comply with the applicable timetable in Appendix 7A.

Cross reference: item 33 of Appendix 3B.

8 Number and +class of all

+securities quoted on ASX (including the +securities in section 2 if applicable)

Number	+Class
360,753,682	Ordinary shares
47,576,398	Quoted	Options
	exercisable	at $0.12
	each and	expiring
	30 September 2020

+ See chapter 19 for defined terms.

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+ See chapter 19 for defined terms.

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9 Number and +class of all

+securities not quoted on ASX (including the +securities in section 2 if applicable)

10 Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests)

Number	+Class
400,000	Unlisted
	Performance	Shares
	subject	to		certain
	performance	criteria
	per	the	Company's
	notice	of		meeting
	dated	27 October
	2017
11,155,908	Unlisted			Options
	exercisable		at	$0.15
	each	expiring	on
	19 January 2020
1,803,768	Unlisted			Options
	exercisable	at	$0.10
	each	expiring on 6
	November	2021	(24
	months from date of
	issue).
N/A

Part 2 - Pro rata issue

11	Is security holder approval	No
	required?
12	Is the issue renounceable or non-
Non-renounceable
	renounceable?
13	Ratio in which the +securities
1 for 5
	will be offered
14	+Class of +securities to which the
Quoted Options
	offer relates

15 +Record date to determine 13 November 2019 entitlements

• See chapter 19 for defined terms.

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16 Will holdings on different Yes registers (or subregisters) be aggregated for calculating entitlements?

1. Policy for deciding entitlements in relation to fractions
2. Names of countries in which the entity has security holders who will not be sent new offer documents

Note: Security holders must be told how their entitlements are to be dealt with.

Cross reference: rule 7.7.

Round down

All countries other than Australia and New Zealand

1. Closing date for receipt of acceptances or renunciations
2. Names of any underwriters
3. Amount of any underwriting fee or commission
4. Names of any brokers to the issue
5. Fee or commission payable to the broker to the issue
6. Amount of any handling fee payable to brokers who lodge acceptances or renunciations on behalf of security holders
7. If the issue is contingent on security holders' approval, the date of the meeting
8. Date entitlement and acceptance form and offer documents will be sent to persons entitled

27 November 2019

N/A

N/A

N/A

N/A

N/A

N/A

18 November 2019

+ See chapter 19 for defined terms.

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27	If the entity has issued options,	8 November 2019
	and the terms entitle option
	holders to participate on
	exercise, the date on which
	notices will be sent to option
	holders

1. Date rights trading will begin (if applicable)
2. Date rights trading will end (if applicable)
3. How do security holders sell their entitlements in full through a broker?

N/A

N/A

N/A

31	How do security holders sell part	N/A
	of their entitlements through a
	broker and accept for the
	balance?
32	How do security holders dispose
N/A
	of their entitlements (except by
	sale through a broker)?
33	+Issue date
4 December 2019

Part 3 - Quotation of securities

You need only complete this section if you are applying for quotation of securities

34 Type of +securities (tick one)

(a)

+Securities described in Part 1

1. All other +securities

Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee incentive share securities when restriction ends, securities issued on expiry or conversion of convertible securities

Entities that have ticked box 34(a)

+ See chapter 19 for defined terms.

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Additional securities forming a new class of securities

Tick to indicate you are providing the information or documents

1. If the +securities are +equity securities, the names of the 20 largest holders of the additional +securities, and the number and percentage of additional +securities held by those holders
2. If the +securities are +equity securities, a distribution schedule of the additional +securities setting out the number of holders in the categories
   1 - 1,000
   1,001 - 5,000
   5,001 - 10,000
   10,001 - 100,000
   100,001 and over

37		A copy of any trust deed for the additional +securities

+ See chapter 19 for defined terms.

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Entities that have ticked box 34(b)

1. Number of +securities for which
   +quotation is sought
2. +Class of +securities for which quotation is sought
3. Do the +securities rank equally in all respects from the +issue date with an existing +class of quoted +securities?
   If the additional +securities do not rank equally, please state:
4. • the date from which they do
   • the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment
   • the extent to which they do not rank equally, other than in relation to the next dividend,
     distribution or interest payment
5. Reason for request for quotation now

Example: In the case of restricted securities, end of restriction period

(if issued upon conversion of another +security, clearly identify that other +security)

42 Number and +class of all

+securities quoted on ASX (including the +securities in clause 38)

N/A

N/A

N/A

N/A

Number+Class

N/A

+ See chapter 19 for defined terms.

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Quotation agreement

1	+Quotation of our additional +securities is in ASX's absolute discretion. ASX
	may quote the +securities on any conditions it decides.

2 We warrant the following to ASX.

• The issue of the +securities to be quoted complies with the law and is not for an illegal purpose.
• There is no reason why those +securities should not be granted +quotation.
• An offer of the +securities for sale within 12 months after their issue will not require disclosure under section 707(3) or section 1012C(6) of the Corporations Act.

Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give this warranty

• Section 724 or section 1016E of the Corporations Act does not apply to any applications received by us in relation to any +securities to be quoted and that no-one has any right to return any +securities to be quoted under sections 737, 738 or 1016F of the Corporations Act at the time that we request that the +securities be quoted.
• If we are a trust, we warrant that no person has the right to return the +securities to be quoted under section 1019B of the Corporations Act at the time that we request that the +securities be quoted.

1. We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or expense arising from or connected with any breach of the warranties in this agreement.
2. We give ASX the information and documents required by this form. If any information or document is not available now, we will give it to ASX before +quotation of the +securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are (will be) true and complete.

Sign here:	.................................... Date: 4 December 2019.
	(Company Secretary)
Print name:	Lucy Rowe
	== == == == ==

+ See chapter 19 for defined terms.

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Appendix 3B - Annexure 1

Calculation of placement capacity under rule 7.1 and rule 7.1A for eligible entities

Introduced 01/08/12 Amended 04/03/13

Part 1

Rule 7.1 - Issues exceeding 15% of capital

Step 1: Calculate "A", the base figure from which the placement capacity is calculated

Insert number of fully paid +ordinary	237,398,173
securities on issue 12 months before the
+issue date or agreement to issue
Add the following:
• Number of fully paid +ordinary securities	11,191,052 (24 December 2018)
issued in that 12 month period under an
exception in rule 7.2	58,164,457 (24 December 2018)
• Number of fully paid +ordinary securities	6,000,000 (1 April 2019)
issued in that 12 month period with
shareholder approval	37,935,524 (11 September 2019)
• Number of partly paid +ordinary	10,064,476 (11 September 2019)
securities that became fully paid in that
12 month period
Note:
• Include only ordinary securities here -
other classes of equity securities cannot
be added
• Include here (if applicable) the securities
the subject of the Appendix 3B to which
this form is annexed
• It may be useful to set out issues of
securities on different dates as separate
line items
Subtract the number of fully paid ordinary	Nil
securities cancelled during that 12 month
period
"A"	360,753,682

+ See chapter 19 for defined terms.

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Step 2: Calculate 15% of "A"

"B"	0.15
	[Note: this value cannot be changed]
Multiply "A" by 0.15	54,113,052

Step 3: Calculate "C", the amount of placement capacity under rule 7.1 that has already been used

Insert number of +equity securities issued	1,803,768 (6 November 2019)
or agreed to be issued in that 12 month
period not counting those issued:
• Under an exception in rule 7.2
• Under rule 7.1A
• With security holder approval under rule
7.1 or rule 7.4
Note:
• This applies to equity securities, unless
specifically excluded - not just ordinary
securities
• Include here (if applicable ) the
securities the subject of the Appendix
3B to which this form is annexed
• It may be useful to set out issues of
securities on different dates as separate
line items
"C"	1,803,768

Step 4: Subtract "C" from ["A" x "B"] to calculate remaining placement capacity under rule 7.1

"A" x 0.15	54,113,052
Note: number must be same as shown in
Step 2
Subtract "C"	1,803,768
Note: number must be same as shown in
Step 3
Total ["A" x 0.15] - "C"	52,309,284
	[Note: this is the remaining placement
	capacity under rule 7.1]

+ See chapter 19 for defined terms.

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Part 2

Rule 7.1A - Additional placement capacity for eligible entities

Step 1: Calculate "A", the base figure from which the placement capacity is calculated

"A"	360,753,682
Note: number must be same as shown in
Step 1 of Part 1
Step 2: Calculate 10% of "A"
"D"	0.10
	Note: this value cannot be changed
Multiply "A" by 0.10	36,075,368

Step 3: Calculate "E", the amount of placement capacity under rule 7.1A that has already been used

Insert number of +equity securities issued or agreed to be issued in that 12 month period under rule 7.1A

Notes:Nil

• This applies to equity securities - not just ordinary securities
• Include here - if applicable - the securities the subject of the Appendix 3B to which this form is annexed
• Do not include equity securities issued under rule 7.1 (they must be dealt with in Part 1), or for which specific security holder approval has been obtained
• It may be useful to set out issues of securities on different dates as separate line items

"E"Nil

+ See chapter 19 for defined terms.

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Step 4: Subtract "E" from ["A" x "D"] to calculate remaining placement capacity under rule 7.1A

"A" x 0.10	36,075,368
Note: number must be same as shown in
Step 2
Subtract "E"	Nil
Note: number must be same as shown in
Step 3
Total ["A" x 0.10] - "E"	36,075,368
	Note: this is the remaining placement
	capacity under rule 7.1A

+ See chapter 19 for defined terms.

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	1300 288 664 (within australia)	Level 5, 126 Phillip Street,
	[phone] (international)	Sydney NSW 2000
ABN: 27 152 260 814	[e-mail]	GPO Box 5193,
	www.automic.com.au
	Sydney NSW 2001

Top Holders Grouped Report

Triangle Energy (Global) Limited

Security Class(es): TEGO - OPTIONS @ $0.12 EXP 30/09/2020

Display Top: 20						As at Date: 04-Dec-2019
Position	Holder Name				Holding	% IC
1	TAMARIND RESOURCES PTE LTD			10,039,115	21.10%
2	BNP PARIBAS NOMS PTY LTD			2,520,000	5.30%
3	MR DARREN MICHAEL BROMLEY			2,406,846	5.06%
4	SOCHRASTEM SAS			2,215,384	4.66%
5	JARRAD STREET CORPORATE PTY LTD			1,760,000	3.70%
6	WHITEBARK ENERGY LIMITED			1,625,397	3.42%
7	MR MICHAEL ARNETT			1,520,000	3.19%
8	MR DARREN JOHN HALL			1,121,350	2.36%
9	Austin 4 Pty Ltd			836,717	1.76%
10	MR ROBERT TOWNER			813,290	1.71%
11	J P MORGAN NOMINEES AUSTRALIA PTY LIMITED	800,050	1.68%
	MR REX ALEXANDER HOOD &
12	MRS JANE FRANCES HOOD			795,486	1.67%
13	MR JOHN PHILIP DANIELS			783,239	1.65%
	Sydney		Perth		Melbourne
	Level 5		Level 2		Level 12
	126 Phillip Street		267 St Georges Terrace		575 Bourke Street
	Sydney NSW 2000		Perth WA 6000		Melbourne VIC 3000

		1300 288 664 (within australia)		Level 5, 126 Phillip Street,
		[phone] (international)		Sydney NSW 2000
ABN: 27 152 260 814		[e-mail]		GPO Box 5193,
		www.automic.com.au
			Sydney NSW 2001
Position	Holder Name	Holding	% IC

14

15

16

17

18

19

20

MR ROBERT EDGAR THOMAS TOWNER

DOUBLE EAGLE PTY LTD

ANISIMOFF SUPER FUND PTY LIMITED

MR DARREN JOHN HALL

NAVIGATOR AUSTRALIA LTD MAYBURYS PTY LTD

MICLON PTY LTD

760,0001.60%

741,1391.56%

730,5781.54%

645,0591.36%

566,0001.19%

536,6521.13%

517,8261.09%

TOTALS

31,734,128

66.70%

Total Issued Capital

47,576,398

100.00%

Holding is aggregated over a shareholder group

Report generated on 04-Dec-2019 at 09:11 AM

Sydney	Perth	Melbourne
Level 5	Level 2	Level 12
126 Phillip Street	267 St Georges Terrace	575 Bourke Street
Sydney NSW 2000	Perth WA 6000	Melbourne VIC 3000

	1300 288 664 (within australia)	Level 5, 126 Phillip Street,
	[phone] (international)	Sydney NSW 2000
ABN: 27 152 260 814	[e-mail]	GPO Box 5193,
	www.automic.com.au
	Sydney NSW 2001

Holdings Range Report

Triangle Energy (Global) Limited

Security Class(es): TEGO - OPTIONS @ $0.12 EXP 30/09/2020			As at Date: 04-Dec-2019
Holding Ranges	Holders	Total Units	% Issued Share Capital
1 - 1,000	16	6,202	0.01%
1,001	- 5,000	41	116,777	0.25%
5,001	- 10,000	23	196,096	0.41%
10,001 - 100,000	153	6,048,687	12.71%
100,001 - 9,999,999,999	68	41,208,636	86.62%
	TOTALS	301	47,576,398	100.00%

Report generated on 04-Dec-2019 at 09:12 AM

Sydney	Perth	Melbourne
Level 5	Level 2	Level 12
126 Phillip Street	267 St Georges Terrace	575 Bourke Street
Sydney NSW 2000	Perth WA 6000	Melbourne VIC 3000