Triangle has been awarded two offshore permits in the Sulu Sea (SC-80 and SC-81), as operator of a Joint Venture with a 37.5% interest in both permits. Permit SC-80 contains the Palendag-1 and Dabakan-1 gas discoveries. The permits also contain very attractive exploration prospects and leads that will be enhanced by reprocessing the four existing 3D surveys on the permits.

Discovered gas and oil reserves for the Circum-Borneo Basins (Adapted from IHS regional report 2015)

Triangle has also been awarded an onshore permit (SC-82) on the island of Luzon with a 100% interest. The permit contains the Nassiping-2 gas discovery. SC-82 also contains numerous other prospects and leads, with both reef and sandstone reservoirs.

Permit SC-82 location and exploration wells