Triangle Energy Global : Lapse of Unlisted Options

ASX Announcement

20 January 2020

ASX:TEG

LAPSE OF UNLISTED OPTIONS

Triangle Energy (Global) Limited (TEG/ the Company) (ASX:TEG) advises that 11,155,908 unlisted options (at $0.15 with an expiry of 19 January 2020) have lapsed in accordance with their terms.

Below is a summary of the Company's quoted and unquoted securities as at 20 January 2020, following the lapse of the 11,155,908 unlisted options referred to above:

Number	Class
Quoted Securities
360,753,682	Fully Paid Ordinary Shares
47,576,398	Quoted Options exercisable
	at $0.12 each and expiring
	30 September 2020.
Unquoted Securities
400,000	Unlisted Performance Shares
	subject to certain performance
	criteria	per	the	Company's
	notice	of	meeting	dated
	27 October 2017.
1,803,768	Unlisted	Options	exercisable
	at $0.10 each expiring on 6
	November 2021	(24	months
	from date of issue).
ENDS
For more information:
Mr. Robert Towner			Mrs. Lucy Rowe
Managing Director			Company Secretary
E:[e-mail]		E: [e-mail]
Ph: [phone]			Ph: [phone]
Triangle Energy (Global) Limited ABN 52 110 411 428				triangleenergy.com.au
Suite 2, 100 Havelock St, West Perth WA 6005	| PO Box 51 West Perth WA 6905 Australia
T [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 100% 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]