News Articles for State Gas

ASX-listed oil producer Triangle Energy has closed the book on a solid December quarter, tabling a host of milestones including its second oil delivery to a refinery in Thailand via an all-new shipping route, farming out two gas prospective permits to Talon Energy and raking in $6.6 million courtesy of oil sales associated with its Cliff Head joint venture partnership with Pilot Energy.

WA oil producer Triangle Energy closed the September quarter on a high, completing a flurry of activity including its first oil delivery to a refinery in Thailand using a new shipping route, acquisition of two onshore exploration permits and banking a slice of a $6.9 million pay packet courtesy of oil sales associated to its Cliff Head joint venture partnership with Pilot Energy.

ASX-listed Triangle Energy could soon have $6.72 million to inject into its portfolio of WA-based oil and gas operations after selling off a slice of its interests in NSW oil and gas developer State Gas. Despite offloading 24 million shares, Triangle retains a strategic holding in State Gas of more than 10 per cent and says it is now well positioned to navigate an increasingly evolving energy sector.

Gas explorer Triangle Energy Global has announced plans to spin-out one of its subsidiaries into a new entity and float it on the ASX.