Tag: Triangle Energy

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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