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Triangle Energy Defers Cliff Head Sale, Plugs Dry Becos-1 Well Amid Exploration Shift
6:19am on Monday 2nd of June, 2025 AEST
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Energy
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Triangle Energy Defers Cliff Head Sale, Plugs Dry Becos-1 Well Amid Exploration Shift
6:19am on Monday 2nd of June, 2025 AEST
Key Points
Becos-1 well drilled to 1107m, found minor gas shows but no moveable hydrocarbons, subsequently plugged and abandoned
Cliff Head Oil Field production suspended; sale to Pilot Energy deferred with secured promissory note due September 2026
Triangle holds 50% interests in Perth Basin permits L7 and EP 437 with updated prospective oil and gas resources
UK permits P2628 and P2650 under evaluation with reduced expenditure pending tax clarity
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