Articles On Triangle Energy (ASX:TEG)

IG Markets’ Kyle Rodda says a surging iron ore price – which topped $150 per tonne again overnight – has been the major driver of the rippling, Hemsworth-esque strength on show at the ASX earlier today. The benchmark index climbed to a seve...

CEO and Managing Director of Triangle Energy (TEG) Robert Towner resigns from the company and its subsidiaries Mr Towner was appointed into these roles in July 2014 and since then Triangle has become the majority owner and operator of the...

Triangle is highly leveraged to the recent upward revaluation in crude oil prices and is benefiting from the soft Australian dollar.

The S&P/ASX200 is still climbing at the close, with a reassuring word or two from the RBA and strength on Wall Street seemingly doing the trick. Most sectors in the green, except tech, with the iron ore big guns leading the way for Mate...

Following positive early indications from feasibility studies, Pilot Energy has decided to retain full ownership of its WA-481-P permit and Cliff Head Renewable Energy Project. Pilot Energy (ASX:PGY) has made substantial progress on advanci...

During the December quarter, the Cliff Head Joint Venture (CHJV) continued to produce and deliver crude oil to BP Kwinana and by quarter’s end had delivered 58,839 barrels of crude oil.

Bearish sentiment is still gripping the local markets, but the ASX managed to pull into itself into positive territory in the last 30 minutes of trading. The benchmark would have slumped more today had it been not for the Mining sector, whi...

Stockhead’s Top 10 at 10, published at 10.40am each trading day, highlights the best (and worst) performing ASX small caps in morning trade using live data. It’s a short, sharp update to help frame the trading day by showing the biggest mov...

It looks like them energy names are on the rise Wednesday, largely punching above a local market weighed down by weak US leads and possibly boredom. But don’t thank our collective refusal to acknowledge a warming planet. In this case oil pr...

Triangle Energy, operator of the Perth Basin’s only offshore oilfield, is continuing to pursue its drilling prospects in the region as it looks to reignite its activities near its Cliff Head field.

While regulatory approval for the proposed transaction remains pending Pilot will progress the work program for the exploration permit independently of Triangle.

Stockhead’s Top 10 at 10, published at 10.15am each trading day, highlights the best (and worst) performing ASX small caps in morning trade using live data. It’s a short, sharp update to help frame the trading day by showing the biggest mov...

Each week, Stockhead recaps ASX stocks that are “running hot” as deduced by the Relative Strength Index (RSI). The RSI is a technical gauge which measures how trading momentum is affecting the price action. A reading of 70 is seen as the le...

On a day when markets finished flat, the highlight of the day was ASX debutant Close the Loop (ASX:CLG). This company, which provides resource collection, recycling company and sustainable packaging solutions listed at 20 cents per share bu...

ASX recovered some lost ground in arvo trade but still finished 0.54% down, as markets continue to be shaken by the discovery of the omicron variant of COVID-19 and falling oil prices. Resources and tech managed to finish in the green – by...

Triangle Energy is set to complete a study on a first of its kind fuel refinery in WA that will use crude, condensate and bio-crude feedstocks to produce renewable diesel and renewable marine fuel blends.

“The Triangle Energy team is very pleased to announce our investigation into the potential to establish a modern, modular renewable fuel refinery by leveraging our existing infrastructure in the Perth Basin," says CEO.

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 succ...

Triangle’s 2C contingent resources at Cliff Head Oil Field, offshore Perth Basin in Western Australia, as of June 30, 2021, are estimated at 3.47 million stock tank barrels.

Local stocks lost ground on Thursday, with minor falls at the big end of town and a slightly steeper drop of ~0.8% for the microcap Emerging Markets Index. The ASX opened with a weak lead from Wall Street, after a fortnight of steady gains...

The oil producer and explorer has officially restated its reserves after they were withdrawn late last year, with its net 78.75% share of Cliff Head’s 2P reserves estimated at 810,000 stock tank barrels.

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...

Triangle Energy’s managing director Robert Towner said the accumulation of five months’ inventory meant the company has benefited from the increase in oil price by around US$1 million compared to monthly lifting.

Oil and gas prices are rising, a fact that anyone who has been to the pumps in recent weeks will know from their empty wallets. And it is only going to get worse given that changes in international crude prices can take about two weeks to w...

Local stocks posted a strong session on Thursday, as the ASX 200 climbed by around 1% while the microcap Emerging Markets index jumped again (+1.9%). Asian markets were buoyant more broadly, following a steady session on Wall Street overnig...

“The Cliff Head Oil Field, together with its significant infrastructure, is now capable of continuing to take oil to the market, as well as providing the base upon which further exploration and development success in the permit areas may be...

Triangle Energy (TEG) and Pilot Energy (PGY) sign a binding offtake agreement with BP Singapore for crude oil produced from the Cliff Head Oil Field The Cliff Head Joint Venture (CHJV) is held 78.75 per cent by Triangle as operator and 21....

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 producti...

Deanna Carpenter has more than 10 years of experience as a lawyer with a focus on equity capital markets and mergers & acquisitions, as well as extensive experience in governance, risk management and corporate compliance.

Both companies are continuing to complete regulatory requirements and, therefore, have agreed to further extend the proposed cut-off date for the agreement to January 31, 2022.

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...

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 explorer...

The northern Perth Basin is back in the limelight as the next great source of gas for Western Australia after Mineral Resources (ASX:MIN) and Norwest Energy (ASX:NWE) declared their Lockyer Deep 1 exploration well to be a significant gas di...

By bringing CH-6 back into production, the ASX-listed operator expects to produce 120 more barrels of oil per day, bringing Cliff Head’s total field production to roughly 850 barrels of oil per day.

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....

Triangle has been reviewing the Prospects and Leads portfolio within L7, leading to a prospective resource estimate for 18 oil opportunities and four gas leads.

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...

The 2021 financial year was one of contrasts for the oil and gas industry with low crude prices making life challenging for many ASX companies earlier in the year before a strong recovery improved conditions. Oil prices traded below the US$...

Following the successful completion of an $8M capital raising, Pilot Energy has been reinstated to the ASX and is ready to begin studies on its trifecta of hydrogen and renewable energy projects.  Pilot Energy (ASX:PGY) is back on the ASX b...

The company's Cliff Head Oil Field joint venture crude sales revenue at the end of the June quarter stood at US$1.54 million at a realised oil price of US$59.75 per barrel (net).

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 September 30. Due to a number of delays, it...

In the near-term, the company plans to explore the Cliff Head region, Mount Horner and newly acquired exploration permits.

The company is well-funded to advance its oil & gas properties after raising more than $10 million in a placement and subsequent entitlement offer.

Its Cliff Head Oil Field joint venture crude sales revenue stood at US$1.54 million at a realised oil price of US$59.75 per barrel (net). 

The entitlement offer gave holders the chance to subscribe for options at $0.001 each and on the basis of one new quoted option for every two shares held on the record date.