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Triangle Energy (Global) Limited
(Sydney:TEG)
Triangle Energy (Global) Limited (TEG) vs. S&P 500 (SPY)
Triangle Energy (Global) Limited Business Overview & Revenue Model
Triangle Energy (Global) Limited Financial Statement Overview
| Breakdown | |||||
| TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 0.00 | 0.00 | 13.64M | 19.45M | 6.66M | 12.26M | Gross Profit |
| 0.00 | -20.64K | 1.03M | 6.49M | 534.41K | 799.96K | EBIT |
| -1.30M | -3.48M | -6.99M | 2.56M | -987.03K | -371.53K | EBITDA |
| 885.28K | 915.79K | -6.36M | -7.61M | -2.75M | -1.52M | Net Income Common Stockholders |
| -1.56M | -15.84M | 1.32M | -7.70M | -3.93M | -3.79M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 11.09M | 5.01M | 10.80M | 13.84M | 597.50K | 2.41M | Total Assets |
| 18.66M | 18.49M | 30.73M | 38.44M | 31.10M | 33.01M | Total Debt |
| 0.00 | 0.00 | 0.00 | 17.36K | 381.65K | 987.10K | Net Debt |
| -10.89M | -5.01M | -10.80M | -13.82M | -215.86K | -1.42M | Total Liabilities |
| 20.43M | 21.25M | 22.99M | 27.38M | 23.82M | 30.72M | Stockholders Equity |
| -1.77M | -2.75M | 7.74M | 11.06M | 7.29M | 2.28M |
| Cash Flow | Free Cash Flow | ||||
| -663.12K | -9.34M | -12.16M | 1.19M | -8.92M | -3.54M | Operating Cash Flow |
| 188.99K | -5.17M | -5.58M | 6.00M | -5.51M | 651.28K | Investing Cash Flow |
| 1.49M | -6.74M | 2.41M | -3.78M | -4.47M | -4.20M | Financing Cash Flow |
| 3.75M | 6.15M | -12.65K | 10.96M | 8.22M | 3.43M |
Triangle Energy (Global) Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | AU$73.40M | 7.78 | 13.84% | 19.05% | -16.65% | -46.22% | |
63 Neutral | $20.80B | 11.21 | 7.94% | 5.98% | -7.99% | -12.27% | |
62 Neutral | AU$18.85B | 13.31 | 14.75% | 5.54% | 8.09% | -13.99% | |
56 Neutral | $7.25B | 3.36 | -3.66% | 5.65% | 0.66% | -50.71% | |
56 Neutral | $3.01B | 32.67 | 2.70% | 3.72% | 6.43% | ― | |
34 Underperform | AU$6.27M | ― | ― | ― | ― |
Triangle Energy (Global) Limited Corporate Events
Pilot Energy Limited, operating in the oil and gas industry, is focused on maintaining regulatory compliance and transitioning its Cliff Head Oil Field facilities into a potential future carbon storage operation. The company has successfully completed key activities mandated by NOPSEMA, including securing wells and facilities, and is progressing with risk management and environmental protection measures. These efforts are part of a broader strategy to right-size operations and explore new revenue streams, positioning the company for future opportunities in carbon storage.
Triangle Energy (Global) Limited’s quarterly report highlights several key developments, including the suspension of the Cliff Head Oil Field and a sales agreement with Pilot Energy Ltd, deferring cash payment for the assets until September 2026. The company also reported on its exploration activities in Australia and the UK, as well as its ongoing ventures in the Philippines. Triangle continues to explore new opportunities in Australia, Europe, and Asia, while maintaining its commitments to socially and environmentally responsible operations.
Triangle Energy (Global) Limited announced that the Becos-1 exploration well in the Perth Basin did not encounter economically viable hydrocarbons and has been plugged and abandoned. Despite this setback, Triangle remains optimistic about the prospectivity of its north Perth Basin permits and is financially positioned to pursue future exploration projects. The joint venture, which includes Echelon Resources and Strike Energy, will evaluate the results to inform future plans.
Triangle Energy (Global) Ltd announced that the Becos-1 well in the Perth Basin has been plugged and abandoned after failing to find hydrocarbons in economic quantities. Despite this setback, the company remains optimistic about the potential of its north Perth Basin permits and is financially positioned to continue exploration and new ventures, supported by a healthy cash balance and expected proceeds from asset sales.
Triangle Energy (Global) Limited has commenced drilling the Becos-1 exploration well in the Perth Basin, in collaboration with Strike Energy Ltd and Echelon Resources Ltd. The well targets the Bookara Sandstone horizon with an estimated prospective resource range of 1 to 21 million barrels. The drilling is expected to reach a total depth of 1,164 meters, with a geological chance of success estimated at 20%. This development could potentially enhance Triangle Energy’s resource base and strengthen its position in the energy market.
Triangle Energy (Global) Limited has released a presentation regarding its exploration activities in the Perth Basin, specifically focusing on its L7 and EP 437 Prospective Resources. The company confirms that there have been no material changes to the assumptions and technical parameters underpinning its previous resource estimates. This announcement underscores Triangle’s ongoing commitment to its exploration and production targets, which could have significant implications for its operational strategy and stakeholder interests.
Triangle Energy has announced that it has not received the third payment of $985,171 from Pilot Energy as part of the revised Sale and Purchase Deed for the Cliff Head project. This brings the total debt owed to Triangle to $2,846,122. The company is in discussions with Pilot Energy to resolve the payment issue and settle the transaction, maintaining its rights under the agreement.
Triangle Energy (Global) Limited has released its interim financial report for the six months ending December 31, 2024. The report provides insights into the company’s financial performance and operational updates. The announcement may influence the company’s market position and stakeholder interests, although specific implications were not detailed.
Triangle Energy (Global) Limited has announced ongoing negotiations with Pilot Energy regarding the revised terms for the acquisition of the Cliff Head oil project. The discussions involve potential vendor financing in exchange for a secured note, but no formal agreement has been reached. The outcome of these negotiations could impact Triangle’s operations and market positioning, as the company looks to finalize terms by the end of March 2025. Triangle Energy also reported a cash reserve of $10.89 million and no debt as of December 2024, indicating a stable financial position.
Triangle Energy announced that it has not received the second payment due from Pilot Energy for the sale of its interest in the Cliff Head project. Despite this, Pilot Energy has continued to fund the project’s joint venture costs, which aligns with their obligations under the Sale and Purchase Deed. The announcement highlights Pilot Energy’s ongoing capital raise efforts and their suspension from trading as they negotiate a capitalisation package, with Triangle Energy awaiting further developments.