Triangle Energy is a Perth-based ASX-listed company (ASX: TEG) with a strategic focus on oil and gas exploration and production in Western Australia’s Perth Basin. The company holds a 50% operated interest in onshore Perth Basin permits L7 and EP 437, where it is actively engaged in drilling programs and resource development.
In addition to its onshore operations, Triangle Energy has significant interests in offshore assets, including a 78.75% stake in the Cliff Head facilities. The company is innovatively positioning these facilities for potential carbon dioxide storage, demonstrating a forward-thinking approach to energy transition. In June 2025, Triangle sold its onshore WA Cliff Head assets to a partner, receiving a secured promissory note as consideration.
The company is also expanding its international portfolio, holding 50% interests in two UK permits: P2628, which contains the Cragganmore gas field (operated by Athena Energy), and P2650, operated by Orcadian Energy. Triangle Energy continues to pursue new venture opportunities to grow its asset portfolio, positioning itself as a dynamic and adaptable energy exploration company with interests across multiple geographic regions.
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