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Company News
Triangle Energy confirms prospective oil and gas targets within Mt Horner licence L7
As Triangle Energy (ASX: TEG) works to secure the remaining 50% interest in the Mt Horner licence L7 from Key Petroleum (ASX: KEY), it has confirmed a prospective resource estimate for numerous prospects and leads within the licence. Key is selling its 50% stake in L7 as well as its 86.94% in exploration permit EP […]
Triangle Energy works to close deal with Key Petroleum for exploration licence
The sale of onshore Perth Basin exploration licence EP 437 has moved a step closer with Triangle Energy (ASX: TEG) and Key Petroleum (ASX: KEY) agreeing to extend the cut-off date for the deal to 30 September. Due to a number of delays, it has not been possible to complete the transaction and Triangle has […]
Red Emperor joins Pilot Energy and Key Petroleum in offshore WA oil and gas block
Oil and gas explorer Red Emperor Resources (ASX: RMP) has inked a deal to acquire up to a 70% stake and the right to operate a large offshore oil and gas block in the shallow waters of Western Australia’s North Perth Basin. The junior today announced a binding letter of intent signed with block owners […]
Key Petroleum shores up gas targets near Strike and Warrego Energy’s ‘staggering’ discovery
Key Petroleum (ASX: KEY) has revealed Strike Energy (ASX: STX) and Warrego Energy’s (ASX: WGO) West Erregulla-2 discovery is close to its own permits in the Perth Basin. According to Key, the companies’ reported a “staggering” discovery within the Kingia Sandstone of the West Erregulla-2 well. The discovery is also in addition to gas pay […]
Key Petroleum inks Cooper Basin gas processing MoU with Santos and Beach Energy
Australian oil and gas junior Key Petroleum (ASX: KEY) has inked a deal with Santos (ASX: STO) and Beach Energy (ASX: BPT) to link its wholly-owned Tanbar gas project to the majors’ Cooper Basin gas gathering network. The companies today announced the execution of a non-binding memorandum of understanding (MoU) that proposes terms for connecting […]
Triangle Energy joins Key Petroleum in Mt Horner oilfield
Triangle Energy (ASX: TEG) has entered a farmout deal with fellow Australian oil junior Key Petroleum (ASX: KEY) to acquire a 50% stake in the Mt Horner oilfield in Western Australia’s Perth Basin. Following the announcement this week, Triangle managing director Rob Towner told Small Caps the company had been reviewing a number of mature […]
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