Asian Spectator

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Triangle Energy hails new farm-in partner New Zealand Oil Gas

  • Written by News Direct
Melbourne, Victoria - News Direct - 19 January 2023 - Triangle Energy (Global) Ltd (ASX:TEG) MD Conrad Todd discusses with Proactive the completion of farm-out negotiations and the signing of a binding term sheet with New Zealand Oil & Gas Limited (NZO) which will acquire a 25% interest in Permits L7 and EP 437 in the north Perth Basin of Western Australia. He says the deal will result in reimbursement of all costs to acquire and process the Bookara 3D seismic and will cover nearly all of Triangle's upcoming drilling costs in the permits.

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Hashtag: #TriangleEnergy

The issuer is solely responsible for the content of this announcement.

Authors: News Direct

Read more https://www.media-outreach.com/news/australia/2023/01/19/193882/

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