Triangle Energy (Global) Ltd (ASX:TEG) is an ASX listed oil producer and explorer based in Perth, Western Australia. The Company has a 78.75% interest in, and is Operator of, the producing Cliff Head Oil Field, which includes the Arrowsmith Stabilisation Plant. Triangle also has a 50% share (increasing to 100%) of the L7 production licence with a 13% share (going to 100%) in the adjacent EP 437 permit and a 60% share of the Xanadu-1 Joint Venture, both located in the Perth Basin.
Triangle also has a substantial equity interest in State Gas Ltd (ASX:GAS), which has an interest in four permits in Queensland.
From 2009 to 2016, Triangle operated the Production Sharing Contract ("PSC") over the Pase field located in the Aceh Province, North Sumatra, Indonesia. In February 2016, Triangle completed the sale of the Pase PSC to Indonesia-based PT Enso Asia.
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