Triangle Energy (Global) Limited (TEG)
ASX 
Summary
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Triangle Energy (Global) Limited Profile
| Oil, Gas & Consumable Fuels Industry | Energy Sector | Mr. Marvin Acosta Chan CEO | ASX Exchange | AU000000TEG2 ISIN |
| US Country | - Employees | - Last Dividend | - Last Split | 6 Jan 2006 IPO Date |
Overview
Triangle Energy (Global) Limited is a company specialized in the exploration and production of oil and gas properties primarily in Australia. This entity holds significant interests in several oil fields within the Perth Basin, located in Western Australia. With its headquarters in West Perth, Australia, Triangle Energy plays a crucial role in the local energy sector by developing and managing oil resources efficiently. The company's strategic interests include a major share in the Cliff Head Oil Field, as well as involvement in the Xanadu-1 and Mount Horner oil fields, showcasing its extensive operations in oil exploration and production in the region.
Products and Services
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Exploration and Production of Oil and Gas
Triangle Energy (Global) Limited is engaged in the exploration and production of oil and gas, primarily focused on the Perth Basin in Western Australia. This includes geological surveying, drilling activities, and the development of oil and gas extraction techniques to efficiently produce energy resources.
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Cliff Head Oil Field
The company boasts a 78.75% interest in the Cliff Head Oil Field, which consists of a production license covering 72 square kilometers and the actual oil field spanning an area of 6 square kilometers. This field is one of the key assets under Triangle Energy’s portfolio, representing a significant portion of its oil production capabilities.
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Xanadu-1 Oil Field
Triangle Energy holds a 45% interest in the Xanadu-1 oil field, further expanding its operational footprint in the oil-rich Perth Basin. This oil field contributes to the diversity and potential growth of the company's energy production portfolio.
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Mount Horner Production Licence
With a 50% stake, the Mount Horner Production license is another key component of Triangle Energy’s operations. This license area, also located in the Perth Basin, enables the company to explore and potentially develop more oil resources, thus bolstering its position in the energy sector.
