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Triangle spuds exploration well for major WA gas hunt Bulls N' Bears 31 Jul 2024

Triangle spuds exploration well for major WA gas hunt

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Triangle Energy Global's hunt for onshore oil and gas in Western Australia has grown white-hot, with the spudding of its Booth-1 exploration well at the Booth prospect marking the launch of a highly-anticipated drilling campaign in the underexplored North Perth Basin. The drilling is targeting a hefty 279 billion cubic feet resource as part of Triangle's joint venture agreement with Strike Energy and Echelon Resources.

Instos back Triangle $4m raise for Perth Basin campaign Bulls N' Bears 30 Jul 2024

Instos back Triangle $4m raise for Perth Basin campaign

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Triangle Energy says its recent $4m capital raise was well supported by financial institutions and sophisticated investors as the company prepares to break out the drill rig for the first time in years in the Perth basin. Triangle is pivoting out of its near depleted Cliff Head offshore oil well and back into exploration with two interesting looking Perth Basin oil and gas plays.

Triangle poised for drilling in WA onshore oil-gas search Bulls N' Bears 22 Jul 2024

Triangle poised for drilling in WA onshore oil-gas search

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Triangle Energy's hunt for onshore oil and gas at its Booth prospect in Western Australia's North Perth Basin has stepped up a gear, with spudding of its Booth-1 well anticipated at the end of this month and drilling expected to begin in about 10 days. The company is targeting a vast 279 billion cubic feet resource at Booth.

Feds clear Triangle pathway for $15m oilfield sale Bulls N' Bears 14 Jun 2024

Feds clear Triangle pathway for $15m oilfield sale

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The Federal Government has paved the way for Triangle Energy Global to complete the $15 million sale of its Cliff Head oil assets off the WA coastline after approving the site for permanent offshore carbon storage. The approval confirmed today by Resources Minister Madeleine King will allow Pilot Energy to acquire the project, while Triangle will set a stronger focus on its Perth Basin targets.

Triangle sees 36 million barrels of oil in Perth Basin Bulls N' Bears 11 Jan 2024

Triangle sees 36 million barrels of oil in Perth Basin

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New seismic data has revealed that Triangle Energy may be sitting on a gushing 36 million barrels of oil and 535 billion cubic feet of gas as best-estimate prospective (P50) resources in the North Perth Basin. The company plans to drill-test two of its 12 new prospects that hold part of the volume, with wells kicking-off in the first half of this year.

Cliff Head sale to fuel Triangle exploration plans Bulls N' Bears 27 Jul 2023

Cliff Head sale to fuel Triangle exploration plans

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Triangle Energy will ramp up its oil and gas chase after receiving $15 million from Pilot Energy for the sale of its share in the Cliff Head oilfield and carbon reinjection joint venture in waters off the Dongara coastline in Western Australia's Mid West. The consideration will be paid in three stages and is expected to be completed early next year.

Triangle excited by growing range of Perth Basin prospects Bulls N' Bears 27 Mar 2023

Triangle excited by growing range of Perth Basin prospects

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Seismic data from the Perth Basin has unveiled four high-graded oil and gas targets within two permits for a joint venture led by WA-based producer Triangle Energy. Drilling is now scheduled for the first half of next year, while work is also ongoing to further define the identified targets, in addition to adding others to the list.

Triangle, Pilot JV banks $6.6m via WA oil sales Bulls N' Bears 27 Jan 2023

Triangle, Pilot JV banks $6.6m via WA oil sales

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ASX-listed oil producer Triangle Energy has closed the book on a solid December quarter, tabling a host of milestones including its second oil delivery to a refinery in Thailand via an all-new shipping route, farming out two gas prospective permits to Talon Energy and raking in $6.6 million courtesy of oil sales associated with its Cliff Head joint venture partnership with Pilot Energy.

Triangle gets $9.96m boost after WA gas deal Bulls N' Bears 17 Jan 2023

Triangle gets $9.96m boost after WA gas deal

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Triangle Energy Global has reeled in $9.96 million after farming out 25 per cent of its L7 production licence and EP 437 exploration permit in WA to New Zealand Oil & Gas. The deal follows a similar agreement with Talon Energy last year and allows Triangle, who still retains a 50 per cent stake in the assets, to advance exploration in the zones via the newly formed joint venture.

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