Energy
Triangle Energy (Global) Limited (TEG)
Triangle Energy (Global) Limited (TEG) is an ASX-listed oil and gas producer and explorer, primarily focused on the Perth Basin in Western Australia. The company's key asset is a 78.75% operating interest in the Cliff Head Oil Field, a shallow-water oil field located offshore Perth, which has been in production since 2006. TEG is dedicated to optimising production from its existing assets and pursuing new exploration and development opportunities.
Market Cap
A$7M
Shares on Issue
N/A
Price Chart
AI Analysis
Triangle Energy (Global) Limited currently operates as a small-scale independent oil producer in Western Australia, with its primary revenue stream derived from the Cliff Head Oil Field. As a company with a modest market capitalisation of A$7M, TEG's financial performance is highly sensitive to global oil prices and production rates from Cliff Head. Recent performance likely reflects ongoing efforts to maintain stable production and manage operational costs in a mature field, often requiring capital expenditure for maintenance and optimisation.
The growth outlook for TEG hinges on several factors, including successful field life extension and optimisation projects at Cliff Head, potential new discoveries from exploration activities within its permits, and strategic acquisitions or partnerships. Upcoming catalysts could include drilling results from infill wells or near-field exploration targets, updates on enhanced oil recovery initiatives, or progress on renewable energy diversification studies. Given its micro-cap status, TEG's strategic direction also involves managing funding requirements for its projects, often through equity raisings or farm-out agreements, making it a speculative investment tied to commodity markets and exploration success.
Bull Case
- • Sustained high global oil prices significantly improve revenue and profitability from the Cliff Head field, increasing cash flow for reinvestment and reducing funding risk.
- • Successful execution of field optimisation projects or infill drilling at Cliff Head leads to increased production rates and reserves, extending the asset's economic life.
- • Positive results from exploration activities in the Perth Basin or new strategic acquisitions materially add to TEG's resource base and future production potential.
Bear Case
- • A significant decline in global oil prices directly impacts TEG's revenue and profit margins, potentially making production uneconomical or hindering funding for future projects.
- • Unexpected operational issues, production declines, or higher-than-anticipated operating costs at the mature Cliff Head field lead to reduced cash flow and profitability.
- • Unsuccessful exploration efforts or failure to secure adequate funding for development projects results in asset write-downs, dilution from equity raises, or an inability to pursue growth strategies.
Recent Announcements
Change of Director's Interest Notice - CT, MC
Section 708A(5) Notice
Application for quotation of securities - TEG
Quarterly Activities and Cashflow Report
🚨 Price SensitiveTEG's quarterly report reveals a robust cash flow generation, driven by strong operational performance and prudent capital management. Investors are advised to consider this positive financial health as an opportunity for potential investment growth in TEG shares on the ASX market.
Notification of cessation of securities - TEG
FAQs
What does TEG do?
Triangle Energy (Global) Limited is an oil and gas company focused on exploration and production in Western Australia. Its primary asset is the Cliff Head Oil Field offshore Perth, where it holds a majority operating interest and produces crude oil.
Is TEG a good investment?
Investing in TEG carries significant risk, typical for a micro-cap energy producer. It offers potential for high returns if oil prices rise and its production/exploration efforts are successful, but also substantial risk from commodity price volatility, operational challenges in a mature field, and funding requirements. It's a speculative investment suitable for those with a high-risk tolerance.
What drives TEG's share price?
TEG's share price is primarily driven by global crude oil prices, production rates and operational efficiency from the Cliff Head Oil Field, successful exploration results, reserve updates, and the company's ability to secure funding for its projects. Australian dollar exchange rates also play a role as oil is priced in USD.
Key Metrics
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