TEG
Director Trades
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Company News
Triangle Energy Global spuds Becos-1 exploration well in WA’s Perth Basin
Triangle Energy Global (ASX: TEG) has spudded its much-anticipated Becos-1 exploration well in Western Australia’s Perth Basin. Triangle, with a 50% stake and as operator, is drilling the well on behalf of the EP 437 joint venture with Strike Energy (ASX: STX) and Echelon Resources (ASX: ECH), each of which holds a 25% interest. “We […]
Triangle Energy explores potential for WA renewable fuel refinery, reduces decommissioning cost estimate for Cliff Head
Perth Basin oil producer Triangle Energy (ASX: TEG) has launched a front-end engineering design (FEED) study to investigate the potential to establish a modular, flexible feed renewable fuel refinery in Western Australia’s Mid-West. If successful, it could be the first co-processing renewable fuel refining project in Australia. This FEED phase follows positive outcomes resulting from […]
Triangle Energy completes lifting of Cliff Head crude from BP Kwinana Terminal
Perth Basin oil producer Triangle Energy (ASX: TEG) has announced it has completed the lifting of 107,000 barrels of Cliff Head crude oil from the BP Kwinana Terminal in Western Australia under its master sale and purchase agreement with BP Singapore. Triangle and its Cliff Head joint venture partner Pilot Energy (ASX: PGY) recently inked […]
Triangle Energy and Pilot Energy lock in offtake agreement with BP Singapore for Cliff Head oil production
Oil and gas producer Triangle Energy (ASX: TEG) and junior explorer Pilot Energy (ASX: PGY) (together forming the Cliff Head joint venture, or CHJV) have signed a binding offtake agreement with BP Singapore in relation to crude oil production from the Cliff Head field in the Perth Basin, about 12 kilometres off the Western Australian coastline. Under the terms […]
Natural gas prices surge as demand rises in anticipation of northern winter
Natural gas prices are soaring as the northern hemisphere begins to prepare for a very cold winter, all the while focused on a post-COVID-19 recovery, and as economies steer away from coal and aim to use cleaner energy sources. Prices have been steadily rising since May but skyrocketed in the last week to US$5.84 per […]
West coast gas sector heats up as companies rush North Perth Basin
Politically incorrect as it might be to invest in oil and gas there is a yawning value gap opening between share prices and a record international price for natural gas, with a bonus in the form of a takeover rush for producers and explorers. The top end of the Australian oil patch has attracted most […]
Triangle Energy and Pilot Energy return offshore Cliff Head oil well back to production
Experienced Perth Basin oil producer Triangle Energy (Global) (ASX: TEG) has announced a return to production for the CH-6 well within the Cliff Head oilfield, 11 kilometres off the coast of Western Australia and some 270km north of Perth. The announcement was made on behalf of the Cliff Head joint venture in which Triangle has a 78.75% […]
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 […]
Value gap opens as oil price recovers but stocks stay down
“Oil, oil and more oil,” sounds like an investment tip from 100 years ago and not last week, but that’s what Jeff Currie is advising and he’s the commodity guru at the world’s leading investment bank, Goldman Sachs. Currie’s love of oil is hardly surprising, even if it is politically incorrect at a time of […]
