West Perth-based oil junior Triangle Energy has revealed a leak at its Cliff Head oil platform, about 300 kilometres north of Perth, although the company said the spill was substantially less than 10,000 litres.
Perth-based explorer Elixir Petroleum has entered into an agreement to acquire a Mongolia-focused coal seam gas business in an all-scrip deal worth about $4 million.
Shares in three local energy companies have surged today after hitting hydrocarbons while drilling the Xanadu-1 offshore prospect in the Perth Basin, with Triangle Energy leading the charge, up nearly 60 per cent.
A joint venture between Cottesloe-based Triangle Energy Global and Royal Energy has taken full ownership of the Cliff Head offshore oil project in the Perth Basin after buying out previous stakeholder Roc Oil for $US3.75 million ($A5 million).
Cottesloe-based Triangle Energy Global has emerged as the new buyer for AWE's majority stake in the Cliff Head offshore oil project in the Perth Basin.