Triangle wins historic arbitration case

TRIANGLE Energy won its arbitration proceedings against Perusahaan Daerah Pembangunan Aceh heard in the BANI Arbitration Centre Friday in Jakarta, with the ASX-listed junior winning its costs of A$47,000.

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Triangle left Indonesia in 2016 for a move to the Perth Basin

The court rejected the claims of PDPA in their entirety, which relate to spending under an agreed production sharing contract.