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.
Triangle Energy raises more than $150,000 through entitlement offer
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. Each new option will have an exercise price of $0.035 each and expire on August 4, 2023.
Triangle Energy (Global) Ltd has raised more than $150,000 through a pro-rata, non-renounceable, fully underwritten entitlement offer.
The entitlement offer gave holders the chance to subscribe for company options at an issue price of $0.001 each and on the basis of 1 new quoted option for every 2 shares held on the record date.
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.