Triangle Energy (Global) Limited (AU:TEG) has released an update.
New Zealand Oil & Gas Limited, in partnership with Triangle Energy and Strike Energy, is gearing up to drill the Booth 1 well in the Perth Basin, a promising gas region, with drilling set to begin the week of July 23rd. The operation on the L7 permit aims to tap into the Kingia formation, and other potential intervals, with a planned drilling depth of about 2900 meters. The project is part of a broader strategy to explore and develop onshore and offshore assets, whilst emphasizing ethical practices and strong ESG standards.
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