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Triangle Energy (Global) Limited ( (AU:TEG) ) has issued an update.
Triangle Energy (Global) Limited reported a cash balance of $10.89 million at the end of December 2024, including a $2.4 million receipt from Pilot Energy. Key developments include preparations for the Becos-1 exploration well and the suspension of production at the Cliff Head Oil Field, which is under a revised sales agreement with Pilot Energy. The company is exploring new opportunities in the Philippines and maintains a focus on environmental and social governance.
More about Triangle Energy (Global) Limited
Triangle Energy (Global) Limited operates within the energy sector, focusing on oil and gas exploration and production. The company holds interests in several exploration permits and licenses, including a 50% interest in the UK licenses and joint ventures in Australia. It is also pursuing new ventures in the Philippines and other regions, while maintaining commitments to environmental and social governance.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$12.54M
See more data about TEG stock on TipRanks’ Stock Analysis page.