Triangle Energy (Global) Limited (AU:TEG) has released an update.
Triangle Energy Global Ltd is gearing up to drill the highly anticipated Booth-1 well in the North Perth Basin in late June 2024, following a successful rig contract signing. This first well of the joint venture with Strike Energy and New Zealand Oil & Gas aims to exploit the Kingia-High Cliff reservoirs with additional targets in the region. The project stands as a strategic move in a market with a growing demand for gas and is part of a broader campaign that includes the prospective Becos oil prospect drilling scheduled for later in the year.
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