Cliff Head Oil Field

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Xanadu Joint Venture

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Mount Horner

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Company Highlights
  • CH7 workover completed with on-going production of up to approximately 800 bopd
  • Share Purchase Plan Completed with overwhelming support, $3.9M
  • Acquisition of 78.75% of WA-481-P and Formation of Joint Venture
  • Progressing discussions with crude oil marketing firms regarding offtake alternatives available to Triangle following BP’s intended conversion of the Kwinana oil refinery to a fuel import terminal
  • US$1.02M of escrowed funds from PT Enso Asia released from escrow and paid into Triangle