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The latest announcement is out from Triangle Energy (Global) Limited ( (AU:TEG) ).
Triangle Energy (Global) Limited has been awarded two offshore service contracts, SC-80 and SC-81, in the Bangsamoro Autonomous Region of Muslim Mindanao in the Philippines. These contracts, located in the Sandakan Basin of the Sulu Sea, contain undeveloped gas discoveries and present significant exploration prospects. The company, along with its joint venture partners, sees favorable market conditions to assess the economic potential of these fields, which could enhance its industry positioning and offer substantial resource potential.
More about Triangle Energy (Global) Limited
Triangle Energy (Global) Limited is a company operating in the energy sector, focusing on the exploration and development of oil and gas resources. The company is involved in joint ventures and holds interests in various offshore service contracts, particularly in underexplored regions with significant hydrocarbon potential.
Technical Sentiment Signal: Sell
Current Market Cap: A$6.6M
See more data about TEG stock on TipRanks’ Stock Analysis page.