Triangle Energy (Global) Limited
ASX: TEG
Triangle Energy is an energy company focused primarily on the production of oil and gas in Indonesia. The Company holds a 100% working interest in the Production Sharing Contract in respect of the Pase Block located in Aceh Province, North Sumatra, Indonesia.
The Company also holds a 20% interest in Reid’s Dome a tenement in the Bowen Basin, Queensland which has good prospectivity of gas reserves.
Our Assets
Pase Field
The Pase Production Sharing Contract (PSC) is located in North Sumatra and presently encompasses 922km2. It was acquired from ExxonMobil and the acreage has only been explored once and this was specifically for augmentation of gas supply to the Arun LNG plant.
Reids’ Dome
The Reid’s Dome Tenement covers an area of 181 square kilometres on the western flank of the Bowen Basin in Queensland. The Reid’s Dome Gas Field is situated within Reid’s Dome Tenement and based on initial reservoir studies, a reserve of up to 1 billion cubic feet of gas is indicated for the three wells drilled on the Reid’s Dome Gas Field prior to November 1994.