Triangle Energy (Global) Limited (AU:TEG) has released an update.
Triangle Energy (Global) Limited is on track to begin drilling the Booth-1 well in the North Perth Basin, with the Ventia 106 rig expected to spud the site around July 31, 2024. The well targets multiple oil and gas prospects, including the promising Kingia-High Cliff reservoirs, with estimated prospective resources ranging from 113 to 540 billion cubic feet of gas. The drilling operation, led by Triangle as the operator of the L7 Joint Venture, is part of an upcoming campaign and marks a notable step in the exploration of the region’s energy potential.
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