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Triangle Energy’s Becos-1 Well Falls Short but Leaves Door Open in Perth Basin
6:42am on Monday 2nd of June, 2025 AEST
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Energy
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Triangle Energy’s Becos-1 Well Falls Short but Leaves Door Open in Perth Basin
6:42am on Monday 2nd of June, 2025 AEST
Key Points
Becos-1 well reached 1,107m depth but found only immoveable gas
Well drilled by EP 437 Joint Venture including Triangle Energy, Strike Energy, and Echelon Resources
No economic hydrocarbons discovered; well plugged and abandoned
Triangle Energy retains strong cash position and expects $18 million from Cliff Head asset sale
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Triangle Energy (Global) (ASX:TEG)
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