MELBOURNE, VICTORIA, AUSTRALI – News Direct – 19 January 2023 – Mr. Conrad Todd, CEO of Triangle Energy (Global) Ltd (whose shares are traded on the Australian Stock Exchange – ASX, with ticker TEG) discussed with Proactive the completion of negotiations on the separation of the parcel and the conclusion of a binding agreement with New Zealand Oil & Gas Limited (NZO) to acquire a 25% stake in License L7 and EP 437 in north of the Perth Basin of the State of Western Australia.
According to Todd, the agreement will result in reimbursement of all costs for purchasing and processing the Bookara 3D seismic and will cover nearly all of Triangle’s upcoming drilling costs in the license.
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