Triangle Energy (Global) Limited (AU:TEG) has released an update.
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Triangle Energy (Global) Limited has received an initial $2.4 million payment from Pilot Energy for the sale of its share in the Cliff Head JV assets. This financial boost ensures Triangle is fully funded for the upcoming Becos-1 well drilling in the Perth Basin. The company anticipates further payments, enhancing its robust financial position.
For further insights into AU:TEG stock, check out TipRanks’ Stock Analysis page.