Triangle Energy (Global) Limited (AU:TEG) has released an update.
Triangle Energy (Global) Limited is on track to commence the Booth-1 well drilling in the North Perth Basin by late July 2024, after completing the necessary preparatory works and receiving all regulatory approvals. The well targets multiple oil and gas reserves with a prospective resource range of up to 540 billion cubic feet of gas, and drilling is anticipated to take 22 days. The company, in collaboration with partners Strike Energy Ltd and New Zealand Oil and Gas Ltd, plans to follow up with the Becos Prospect in permit EP 437.
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