1. Most Discussed
  2. Gainers & Losers
TEG 9.3¢

News: Triangle Energy secures extension to Indonesian gas project

  1. Triangle Energy (ASX:TEG) has been granted a 20-year extension to the Pase Production Sharing Contract in Aceh, Indonesia.

    This enables the company to execute its exploration program, which has been suspended during past three years while it was temporary operator of the PSC.

    The extension dates from 24th February 2012, the date the original PSC expired.

    Pase is in a very prolific oil and gas area with access to existing infrastructure and the local gas market.

    It covers 922 square kilometres with two gas production fields. It had generated over $65 million in revenue before it was shut-in.



    Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

DISCLAIMER:
Before making any financial decisions based on what you read, always consult an advisor or expert.

The HotCopper website is operated by Report Card Pty Ltd. Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.

From time to time comments aimed at manipulating other investors may appear on these forums. Posters may post overly optimistic or pessimistic comments on particular stocks, in an attempt to influence other investors. It is not possible for management to moderate all posts so some misleading and inaccurate posts may still appear on these forums. If you do have serious concerns with a post or posts you should report a Terms of Use Violation (TOU) on the link above. Unless specifically stated persons posting on this site are NOT investment advisors and do NOT hold the necessary licence, or have any formal training, to give investment advice.

Top

Thank you for visiting HotCopper

We have detected that you are running ad blocking software.


HotCopper relies on revenue generated from advertisers. Kindly disable your ad blocking software to return to the HotCopper website.

I understand, I have disabled my ad blocker. Let me in!

Need help? Click here for support.