Rob Towner says the ownership structure in the Perth Basin is quite diverse. Photo: Attila Csaszar

Jockeying for position in Perth Basin

Cottesloe-based Triangle Energy has been busy since it bought AWE's share of the Cliff Head oil field off the coast near Dongara last year, upping its stake in the venture and seeking new liquids nearby to lift utilisation.

Triangle Energy is among a number of players in the Perth Basin building momentum in a tough market, with Norwest Energy, AWE and Key Petroleum also taking steps forward on projects.

For Triangle Energy, the drilling of the offshore Xanadu prospect in late September will be just one opportunity to find oil near Cliff Head, according to managing director Rob Towner.


(existing subscribers)

The password field is case sensitive.
Request new password

Register for free

Sign up here for free access to 7 articles per month + twice daily business email alerts.

Thanks! This question prevents spammers...
Enter the characters shown in the image.

Add your comment

BNIQ sponsored byLPC cresa

Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 31/10/17

1 year TSR5 year TSR
193rdBreaker Resources43%15%
230thNorwest Energy34%-44%
579thHammer Metals-26%-47%
584thCaravel Minerals-27%-42%
690thHeron Resources-44%-13%
726 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

$308k Sold
$15k Bought
$15k Bought
Total value as at the date of the transaction
Source: Morningstar


222nd-Heron Resources$140k
223rd↑Hammer Metals$140k
224th↓Norwest Energy$140k
225th↓Breaker Resources$138k
226th↓Caravel Minerals$137k
491 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Norwest Energy

454thJohn Annand$311k
1440thHenry Kennedy$42k
Ranked by total remuneration from all listed WA companies

BNiQ Disclaimer