OPERATIONS

Triangle pulls reserves statement after BP shutdown announcement

TRIANGLE Energy has withdrawn its updated reserves and resources statement of last week thanks to longer term uncertainty related to the shutdown of the BP refinery, 350 kilometres south of the company’s Cliff Head oil field in the offshore Perth Basin.

Helen Clark

Cliff Head Alpha A platform

The company went into a trading halt Friday after it received the news from BP, but its share price has fallen 25% this morning as it returned to market. The refinery processes the relatively small...

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