Triangle Energy (Global) Limited (AU:TEG) has released an update.
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Triangle Energy (Global) Limited, in partnership with Strike Energy Ltd and Echelon Resources Ltd, has announced the approval of the Environmental Plan for the Becos-1 well, part of the EP 437 permit. This pivotal step paves the way for drilling a potential 5 million barrel oil target, with rig tenders currently being evaluated and a drilling decision expected in the coming weeks. The prospect, supported by seismic surveys and historical data, has generated excitement about its potential oil yield.
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