Triangle Energy Revises Sale Terms with Pilot Energy

Triangle Energy (Global) Limited (AU:TEG) has released an update.

Triangle Energy (Global) Ltd has revised the sale agreement for its Arrowsmith land and facilities to Pilot Energy, with a payment schedule starting on the 18th of October. The deal includes $6.5 million in initial payments plus future payments totaling $11.5 million, including royalties from a carbon storage project. The company is optimistic as these funds will support the costs of the upcoming Becos well.

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