Triangle Energy (Global) Limited (AU:TEG) has released an update.
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Triangle Energy (Global) Limited reports that the Booth-1 well, drilled in partnership with Strike Energy and Echelon Resources, did not find any moveable hydrocarbons despite being completed ahead of schedule and under budget. Managing Director Conrad Todd expressed disappointment but highlighted the operation’s efficiency, which will reduce costs. The company now shifts focus to the upcoming Becos-1 well and reevaluating prospects in the L7 permit.
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