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The latest update is out from Triangle Energy (Global) Limited ( (AU:TEG) ).
Triangle Energy (Global) Limited, in partnership with Athena Exploration Limited, has announced a significant upgrade in gas resources for the UK permit P2628, located West of Shetland. The geotechnical and resource study has revealed a substantial increase in both Contingent and Prospective Resources, with the Cragganmore gas discovery showing a mid-case of 683 billion cubic feet recoverable. This upgrade positions Triangle and Athena among the top three companies for net undeveloped gas resources in the region, enhancing their market standing and potential value for stakeholders.
More about Triangle Energy (Global) Limited
Triangle Energy (Global) Limited is a company involved in the energy sector, focusing on gas exploration and production. The company is engaged in joint ventures to explore and develop gas resources, particularly in the Southern North Sea and West of Shetlands regions.
Technical Sentiment Signal: Sell
Current Market Cap: A$6.27M
See more insights into TEG stock on TipRanks’ Stock Analysis page.