Triangle Energy Says Perth Basin Well Pad to be Completed by December

MT Newswires Live

2024/12/16

Triangle Energy (Global) (ASX:TEG) said the EP 437 well pad for the upcoming Becos-1 exploration well in the Perth Basin will be completed by the end of this month, according to a Monday filing with the Australian bourse.

The construction of the well pad is progressing, with the Silver City Drilling rig expected to be on site by the end of March 2025, the filing said.

Triangle Energy owns a 50% stake in the EP 437 joint venture, while Strike Energy's (ASX:STX) subsidiaries and Echelon Resources (ASX:ECH) each hold 25%, according to the filing.

Strike Energy's shares were down over 2% in recent Monday trade.

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