UK Permits P2628 and P2650

Triangle holds a 50% interest in Permit P2628 in the West Shetlands Basin in the UK offshore. The permit is operated by Athena Exploration and contains the Cragganmore gas discovery which Athena calculate to hold 527 Bcf of 2C resources. These permits will undergo desktop studies for the first 2 years.

Map showing the offered blocks.

Triangle also holds a 50% interest in Permit P2650 on the northern margin of the Mid North Sea High. The permit is operated by Orcadian Exploration and contains gas exploration permits which are defined on seismic data by direct hydrocarbon indicators.