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Triangle Energy Addresses Late Lodgement of Director Interest Notices

Story Highlights
  • Triangle Energy is an ASX-listed oil and gas explorer with interests in Australia and the UK.
  • The company reported a late lodgement of documents due to an oversight but assured compliance with ASX rules.
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Triangle Energy Addresses Late Lodgement of Director Interest Notices

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Triangle Energy (Global) Limited ( (AU:TEG) ) just unveiled an announcement.

Triangle Energy (Global) Limited announced a late lodgement of Appendix 3Y documents related to the lapse of listed options for three directors due to an administrative oversight. The company assured stakeholders that this was an isolated incident and that it maintains adequate compliance practices with ASX Listing Rules. The announcement is unlikely to have a significant impact on the company’s operations or industry positioning.

More about Triangle Energy (Global) Limited

Triangle Energy (Global) Ltd is an ASX-listed oil and gas exploration company based in Perth, Western Australia. The company holds a significant interest in the Cliff Head Oil Field, including the Arrowsmith Stabilisation Plant, and shares in the L7 production licence and EP 437 exploration licence in the Perth Basin. Additionally, Triangle has interests in the UK, including the Cragganmore gas field and blocks in the Outer Moray Firth. The company is actively pursuing acquisition opportunities to expand its asset portfolio.

Technical Sentiment Signal: Sell

Current Market Cap: A$5.22M

For a thorough assessment of TEG stock, go to TipRanks’ Stock Analysis page.

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