Triangle Energy (Global) Limited (ASX:TEG) is an experienced and successful oil and gas production and exploration company based in Perth, Western Australia.

The Company is the majority owner (78.75%), and operator of the Cliff Head Oil Field and Arrowsmith Stabilisation Plant located in the Perth Basin, approx. 270km north of Perth. It is a 30% partner in the newly discovered Xanadu-1 oil field, also in the Perth Basin, and is the largest shareholder of State Gas (ASX:GAS) in Queensland. Triangle Energy has a number of highly prospective exploration programs, and continues to assess joint venture and acquisition prospects to diversify and grow its portfolio.

ASX Announcements

17/07/2018
Triangle Energy Further Strengthens Board
17/07/2018
Triangle Becomes Registered Operator of Cliff Head
10/07/2018
Cliff Head Static Modelling Results
02/07/2018
Triangle Completes Static Modelling at Cliff Head
28/06/2018
Partial Repayment and Extension of Loan Agreement
20/06/2018
TEG Change of Registered Office
31/05/2018
Cliff Head Operations Update
01/05/2018
Corporate Presentation – 121 Oil and Gas Investment Summit
30/04/2018
Quarterly Report & Appendix 5B
11/04/2018
Appendix 3X Mr Jason Peacock

Company Highlights

  • Triangle holds a majority (78.75%) interest in the Cliff Head Oil Field and is the Operator
  • Cliff Head Oil Field contains the only offshore and operating onshore crude oil facilities in the Perth Basin, including the Arrowsmith Stabilisation Plant and pipeline
  • Exploration upside at Cliff Head with Enhanced Oil Recovery program, and Mentelle & West High prospects
  • 30% Joint Venture partner in the Xanadu-1 Oil Discovery Well located in the Perth Basin
  • Largest shareholder (35.47%) in State Gas (ASX:GAS) which holds a 60% interest in PL231 (Reids Dome) in Queensland
  • Highly experienced Board, management and operating team with onshore and offshore expertise
  • Ongoing assessment of opportunities to expand asset portfolio through JVs and acquisitions aimed at increasing shareholder value

 

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