Triangle Energy (Global) Ltd receives firm commitments for $10 million capital raising proactiveinvestors.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.com.au Daily Mail and Mail on Sunday newspapers.
Triangle Energy and Pilot formalise WA-481-P and Cliff Head Wind and Solar joint ventures
The transaction creates alignment across the oil and gas exploration project (WA-481-P), the adjacent oil production project (Cliff Head Oil project) and the renewables joint venture. Triangle managing director Robert Towner said the transaction marks a new era for the Mid-West energy sector and Perth Basin.
Triangle Energy (Global) Ltd (ASX:TEG) and Pilot Energy Ltd (ASX:PGY) have executed joint venture agreements and access deeds formalising the WA-481-P upstream joint venture and the Cliff Head Wind and Solar joint venture.
WA-481-P is immediately adjacent to, contiguous with and surrounds the Triangle-operated offshore Cliff Head Oil Field.
Triangle Energy considering oil marketing opportunities for its Cliff Head oil field
Triangle Energy (Global) Ltd s (ASX:TEG) Rob Towner speaks to Proactive s Andrew Scott soon after announcing they ve reached an agreement with BP PLC (LON:BP) (NYSE:BP) (FRA:BPE5) to store crude oil at BP’s Kwinana facility in Western Australia. The storage agreement is for one year and brings to an end a period of uncertainty regarding the storage of oil from Triangle Energy’s flagship Cliff Head Oil Field in the Perth Basin.
Quick facts: Triangle Energy (Global) Ltd
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Triangle Energy shares jump on new BP crude oil storage agreement
The company has reached an agreement with the global energy giant to store crude oil from Cliff Head Oil Field in the Perth Basin at BP’s Kwinana facility. Shares were as much as 28% higher today to 3.2 cents.
Triangle Energy (Global) Ltd (ASX:TEG) shares rose as much as 28% on news it had reached an agreement with BP PLC (LON:BP) (NYSE:BP) (FRA:BPE5) to store crude oil at BP’s Kwinana facility in Western Australia.
The storage agreement is for one year and brings to an end a period of uncertainty regarding the storage of oil from Triangle Energy’s flagship Cliff Head Oil Field in the Perth Basin.
Triangle Energy (Global) Ltd s Cliff Head Alpha platform and Arrowsmith Stabilisation Plant unscathed proactiveinvestors.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.com.au Daily Mail and Mail on Sunday newspapers.