Triangle Energy (Global) Limited (AU:TEG) has released an update.
Triangle Energy (Global) Limited has received approval from the Federal Resources Minister for its Cliff Head Carbon Capture and Storage project, a pivotal step which enables the sale of its interest in the project to Pilot Energy, with expected proceeds of up to $15 million. The transaction allows Triangle to focus on drilling new wells in the Perth Basin and advances its international prospects. This milestone marks a significant phase for Triangle, as it prepares for an active period in its exploration and production activities.
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