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Triangle Energy

Description

Triangle Energy (Global) Ltd (ASX:TEG) is an oil and gas production and exploration company, based in Perth, Western Australia.

The Company is the majority owner (78.75%) and operator of the Cliff Head Oil Field and Arrowsmith Stabilisation Plant located in the Perth Basin, about 270km north of Perth. It is a 30% partner in the newly discovered Xanadu-1 oil field, also in the Perth Basin, and is the largest shareholder of State Gas (ASX:GAS) in Queensland. Triangle Energy has a number of highly prospective exploration programs and continues to assess joint venture and acquisition prospects to expand its portfolio of assets.

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