TEG: 3D Seismic Interpretation Confirms Prospectivity

TRIANGLE ENERGY (GLOBAL) LIMITED

• Confirmation of multiple prospects within two permits after review of seismic data
• Four high-graded potential drilling candidates identified for 2024 campaign
• Three gas prospects and one oil prospect identified for drilling; further interpretation work expected to refine and de-risk resources

2023-03-27 09:05:00

TEG: TEG Completes NZ Oil and Gas Farmout on L7 and EP437

TRIANGLE ENERGY (GLOBAL) LIMITED

• Triangle Energy signs binding agreement for a 25% interest in L7 and EP 437 with New Zealand Oil & Gas
• New Zealand Oil & Gas will pay $9.96 million for the 25% interest, including payment towards seismic data and drilling costs
• Deal subject to regulatory approvals, with plans to secure rig slots in H1 2024

2023-03-20 09:00:00

TEG: Cliff Head Oil Export - Second Oil Delivery Revenue Received

TRIANGLE ENERGY (GLOBAL) LIMITED

• A$5.7 million has been received for the second oil shipment, delivered to a refinery in Thailand early in December.
• The tanker has completed two load-outs from the Arrowsmith Stabilisation Plant (ASP) facility, with 51,100 barrels shipped.
• The CHJV's oil production continues, with export via a route accessible by other Perth Basin producers.

2023-02-06 09:05:00

TEG: Triangle Completes 3 Well Farmout of L7 & EP 437

TRIANGLE ENERGY (GLOBAL) LIMITED

1. New Zealand Oil & Gas to farm into Permits L7 and EP 437 for a 25% interest.
2. New Zealand Oil & Gas to reimburse 50% of Bookara 3D seismic cost.
3. New Zealand Oil & Gas to fund 50% of the first well in L7 plus 37.5% of the second well drilled in L7.

2023-01-17 08:55:00