29/07/2022 - 16:19

Triangle ends quarter on up with $13.8m in bank

29/07/2022 - 16:19


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Oil producer Triangle Energy has navigated an evolving commodity landscape, locking away $13.8 million in cash at the end of June – a leap of more than $11 million above its previous quarter. Oil revenue from its Cliff Head JV was $21.3 million for the period, courtesy of 148,000 barrels of oil sold. Receipts from customers leapt to $12.6 million up from zero in the March quarter.

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