EXPLORATION

Triangle posts loss amid a busy 2018 

FOR the final six months of 2017 Triangle Energy incurred loses of A$5.5 million after income tax for the period, and wrote down its deferred tax asset by $1.7 million as a consequence of changes to its provision for restoration and use of its deferred tax asset from project pool expenditure.

Junior oil producer looks to Cliff Head and Xanadu to build profit

Junior oil producer looks to Cliff Head and Xanadu to build profit

The oil producer ended the year with $1.65 million with $1.8 million in escrow after the sale of its Indonesian assets.    It borrowed $1.2 million to help fund operations after the reporting period. ...

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