Triangle Energy says oil and gas drill planning well advanced
–News Direct–
Triangle Energy (Global) Ltd (ASX:TEG) managing director Conrad Todd tells Proactive that Triangle, Talon and NZOG have ordered the casing and well heads for the upcoming oil and gas wells in Permits L7 and EP 437 next year. He says applications for environmental permits have also been submitted with discussions progressing on rig availability. The Booth well is targeting gas with a prospective resource range of 113 Bcf to 540 Bcf with a mid-case of 279 Bcf. The Becos well is targeting oil with a prospective resource range of 1 MMbbl to 21 MMbbl with a mid-case of 5MMbbl oil.
Todd said I am pleased to report to shareholders that the Joint Venture is progressing the drilling planning for the wells having committed to purchase of the Long Lead Items and is also progressing the...