Triangle Energy Identifies 3 New Prospects Near Cliff Head Platform, Stock Zooms 16%

April 23, 2020 12:34 PM AEST | By Team Kalkine Media

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Triangle Energy (Global) Limited (ASX:TEG) has confirmed 3 clearly defined, attractive, drilling opportunities that could be developed from the Cliff Head Alpha offshore platform and two other new long-term opportunities. The new prospects are the outcomes of the Cliff Head Renewal Program (CHRP), which is targeted towards identifying new viable prospects to extend the economic life of the Cliff Head project in the Perth basin.

The next steps of the Company would be focused on commencing detailed well planning, with a drilling campaign when appropriate.

On 23 April 2020 (AEST 12:26 PM), TEG was trading upward by 16.667% to $0.028.

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