Triangle sees production and sales increase 3%

PERTH Basin-focussed Triangle Energy saw its production and sales from its Cliff Head joint venture rise last quarter by 3% compared to the previous, with a resulting revenue increase thanks to a higher than expected oil price, softening the blow of its disappointing seismic results for its Xanadu oil project.

Higher oil price boosts sales

31 January 2020
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The company has a 78% majority ownership of the Cliff Head field in Production License WA-31-L alongside Royal Energy which holds the remaining stake.

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