Triangle Energy (Global) Limited (ASX:TEG)
Triangle Energy (Global) Limited (ASX:TEG) is an oil producer and explorer based in Western Australia.
The Company has a 78.75% interest in, and is Operator of, the producing Cliff Head Oil Field, which includes the Arrowsmith Stabilisation Plant.
Triangle Energy also has a 50% share of the Mt Horner L7 production licence and a 45% share of the Xanadu-1 Joint Venture, both located in the Perth Basin.
Triangle also has a substantial equity interest in State Gas Limited (ASX:GAS), which has an 100% operating interest in the Reids Dome production licence (PL 231) in Queensland.
The Company continues to assess acquisition prospects to expand its portfolio of assets.