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Triangle is spinning-out its Reids Dome project in Queensland into a separately listed entity.

Triangle to float subsidiary on ASX

Gas explorer Triangle Energy Global has announced plans to spin-out one of its subsidiaries into a new entity and float it on the ASX.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 31/01/18

1 year TSR5 year TSR
73rdTriangle Energy Global204%-28%
139thSundance Resources100%-53%
217thHannans50%0%
499thRox Resources-6%-25%
775thSamson Oil & Gas-61%-45%
709 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

14/12/17
$7k Bought
11/12/17
$0 Issued
11/12/17
$0 Issued
Total value as at the date of the transaction
Source: Morningstar

Revenue

50th↓Samson Oil & Gas$19.8m
51st↑Rox Resources$17.1m
52nd↑Triangle Energy Global$16.8m
53rd↑Hannans$13.5m
54th↑Sundance Resources$12.4m
499 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Triangle Energy Global

430thRobert Towner$250k
696thDarren Bromley$197k
1305thEdward Farrell$50k
Ranked by total remuneration from all listed WA companies

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