Triangle Energy (Global) Limited

Equities

TEG

AU000000TEG2

Oil & Gas Exploration and Production

Delayed Australian S.E. Other stock markets 12:50:25 2024-04-29 am EDT			5-day change	1st Jan Change
0.021 ^AUD	+5.00%		+5.00%	-16.00%

Apr. 18	New Zealand Oil & Gas Secures Drill Rig for Booth-1 Well	MT
Apr. 18	Triangle Energy Global Ltd and New Zealand Oil and Gas Ltd. Commence Drilling of the Booth-1 Well in the North Perth Basin	CI

Triangle Energy says value of Pilot Energy deal exceeds its market cap

July 27, 2023 at 03:22 pm EDT

(via NewsDirect)

Triangle Energy (Global) Ltd (ASX:TEG) MD Conrad Todd tells Proactive the company is selling the remainder of the Cliff Head Joint Venture (CHJV) encompassing the proposed Cliff Head Carbon Capture and Storage Project (CH CCS Project) to Pilot Energy (ASX:PGY) Ltd.

Todd says as a result of this deal, Triangle’s improved balance sheet will allow it to focus on existing and new projects including the upcoming Perth Basin drilling program.

“We are pleased to have revised the sale and purchase agreement with Pilot, which leaves Triangle Energy Global to pursue its aim to become a mid-cap oil and gas company that offers growth through a combination of domestic and international conventional petroleum production and exploration projects.”

“In the interim period between signature and consummation of the agreement, Triangle will continue to support the operation of the Cliff Head oil field and Pilot’s efforts to secure the transition to carbon sequestration,” Todd said.

"As a result of this deal, Triangle’s improved balance sheet will allow it to focus on existing and new projects including the upcoming Perth Basin drilling program.”

Contact Details

Proactive Investors

Jonathan Jackson

+61 413 713 744

jonathan@proactiveinvestors.com

Latest news about Triangle Energy (Global) Limited

New Zealand Oil & Gas Secures Drill Rig for Booth-1 Well	Apr. 17	MT
Triangle Energy Global Ltd and New Zealand Oil and Gas Ltd. Commence Drilling of the Booth-1 Well in the North Perth Basin	Apr. 17	CI
Euroz Securities Starts Triangle Energy Global at Speculative Buy, Price Target is AU$0.03	Apr. 03	MT
Euroz Hartleys Starts Triangle Energy at Speculative Buy With AU$0.031 Price Target	Apr. 03	MT
Triangle Energy's Entitlement Offer Closes Oversubscribed	Mar. 27	MT
Triangle Energy Limited Reports Earnings Results for the Half Year Ended December 31, 2023	Mar. 12	CI
Triangle Energy to Raise AU$5 Million in Share Placement to Fund Perth Basin Projects; Shares Decline 5%	Feb. 18	MT
Triangle Energy Joint Venture Offered Highly Prospective UK Gas Exploration Permits	Feb. 01	MT
Further Oil Prospectivity Identified at New Zealand Oil & Gas' 25%-Owned Permits in Western Australia	Jan. 12	MT
Triangle Energy Limited Identifies Significant Oil Exploration Potential in Its Perth Basin Acreage	Jan. 10	CI
Triangle Energy (Global) JV Offered Five Blocks in UK Gas Province; Shares Rise 6%	Nov. 03	MT
Triangle Energy Limited Reports Earnings Results for the Full Year Ended June 30, 2023	23-09-28	CI
Pilot to Secure Triangle Energy's Stake in Cliff Head Oilfield Joint Venture	23-07-26	MT
Triangle Energy Limited Announces 3D Seismic Interpretation Delivers High-Grade Prospects	23-03-26	CI
New Zealand Oil & Gas Limited Announces Execution of Binding Farm Out Agreement with Triangle Energy Ltd	23-03-19	CI
Triangle Energy Limited Reports Earnings Results for the Half Year Ended December 31, 2022	23-03-14	CI
Triangle Energy Limited Reports Earnings Results for the Half Year Ended December 31, 2022	23-03-14	CI
Talon Energy Ltd. Executes Formal Farm-In Agreement with Triangle Energy Ltd	23-02-28	CI
New Zealand Oil & Gas Signs Farm-In Deal for Triangle Energy's Perth Basin License Area	23-01-16	MT
Triangle Energy Limited Announces the Completion of Successful Farmout Negotiations and the Signature of a Binding Term Sheet with New Zealand Oil & Gas, Who Will Be Acquiring a 25% Interest in Permits L7 and EP 437	23-01-16	CI
Triangle Energy, Pilot Energy Joint Venture Exports 52,900 Barrels of Oil to Thailand Refinery	22-12-20	MT
Triangle Energy Farms Out 25% Stake in Perth Basin Permits to Talon Energy	22-12-19	MT
Talon Energy Ltd. agreed to acquire a 25% stake in Interest in Permits L7 and EP 437 located in Perth Basin, Australia from Triangle Energy Limited for AUD 9.3 million.	22-12-18	CI
Triangle Energy (Global) JV Loads Final Batch of Oil in Tanker	22-11-14	MT
Pilot Energy Limited and Triangle Energy Limited Announce the Restructure of the Existing Joint Venture Ownership Arrangements	22-10-05	CI

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Company Profile

Triangle Energy (Global) Limited is an Australia-based oil production and exploration company. The Company is focused on the production and selling of oil from its Cliff Head producing oil field. Its projects include the Cliff Head oil field, Xanadu oil field, PL231 conventional gas project, and Mount Horner project. The Company holds approximately 78.75% interest in the producing Cliff Head Oil Field (WA-31-L) located in the Perth Basin. The Cliff Head Oil Field (Cliff Head) is located approximately 300 kilometers north of Perth and 12 kilometers off the coast of Dongara in Western Australia at a water depth of 15-20 meters under Production License WA-31-L (WA-31-L Permit). The WA-31-L Permit covers over 72 square km, and the oil field covers six square km in the commonwealth exploration permit WA-286-P.

Sector

Oil & Gas Exploration and Production

Calendar

2024-09-23 - Q4 2024 Earnings Release (Projected)

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Sector Other Oil & Gas Exploration and Production

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