Tag: Triangle Energy

NEW ZEALAND OIL & GAS FINALISES FARM IN WITH TRIANGLE ENERGY

Posted on 21 March 2023

  • New Zealand Oil & Gas and Triangle sign binding farm out agreement for L7 and EP437.
  • All confirmatory due diligence complete.
  • New Zealand Oil & Gas to pay A$1.9 million in back costs.
  • Regulatory approval process to commence.
  • Planning underway to secure drilling slots in 1H 2024.

 

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New Zealand Oil & Gas Executes Perth Basin Farm In Agreement With Triangle Energy

Posted on 17 January 2023

  • New Zealand Oil & Gas executes binding Term Sheet with Triangle Energy
  • Acquiring a 25% interest in Triangle’s L7 and EP 437 northern Perth Basin permits
  • Low upfront entry cost, with 3 exploration wells aimed to be drilled in 2024
  • Recently acquired 3D seismic survey covers highly prospective Early Permian gas trend
  • Agreement subject to conditions, including final due diligence and regulatory approvals

 

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