TEG - Triangle Energy (Global)

[divs4ever]

Becos-1 Well Drilling Results
The Becos-1 well has reached a Total Depth of 1,107m measured depth (MD)The well failed to prove hydrocarbons in economic quantities and has been plugged andabandoned
Triangle Energy (Global) Ltd (ASX:TEG) advises that the Becos-1 exploration well in the Perth Basin reached TD of1107m (MD) in the early hours of Friday, 18 April 2025 after which electric logs were run, with analysis performed over Saturday and Sunday.
Unfortunately, the well only encountered gas in a 2m low porosity High Cliff sand (943 to 945m MD), which was calculated to be immoveable, and had low grade gas shows in the Bookara sandstone.
Consequently, the well has been plugged and abandoned.
Becos-1 was drilled by the EP 437 Joint Venture, comprising subsidiaries of Triangle as Operator 50%, Strike EnergyLtd (ASX:STX) 25% and Echelon Resources Ltd (ASX:ECH) 25%.

i hold TEG ( and currently have both an add and reduce order in the market ( trying to dig my way out of this gracefully )

 

[divs4ever]

Triangle and Pilot sign binding documentation for sale of Cliff Head onshore assets

i hold TEG ( and currently )have both an add and reduce order in the market ( trying to dig my way out of this gracefully )

hmmm my accumulate order is only part-filled , currently , this might delay/derail the filling of that order

 

[Dona Ferentes]

think global, act local