Company Highlights

  • Cliff Head production in the first quarter of 2016/17 was 103,739 bbl oil, an average production rate of 1,128 bopd.
  • Cliff Head revenue for the first quarter was $5.75 million ($3.3 million attributable to Triangle), 2.6% lower than the second quarter of 2016.
  • 30 September 2016 cash balance of $3.2 million (30 June 2016: $3.8 million) and no debt.
  • The JV achieved a 5 year extension of the Cliff Head Safety Case from NOPSEMA which allows it to have a medium-term planning horizon around which operational and long term planning can occur.
  • Conditional agreement to farm in to the 160 million barrel Xanadu prospect within TP/15 in the off-shore Perth Basin adjacent to Cliff Head.
  • Triangle owns 3.67% of ASX listed Elixir Petroleum Limited.