Triangle Energy (Global) (ASX:TEG) - Stock Price, News & Analysis

TEG Stock Overview

Triangle Energy (Global) Limited engages in the exploration and production of oil and gas properties in Australia.

TEG fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	0/6
Financial Health	5/6
Dividends	0/6

Rewards

Risk Analysis

Does not have a meaningful market cap (A$36M)

Shareholders have been diluted in the past year

Currently unprofitable and not forecast to become profitable over the next 3 years

Triangle Energy (Global) Limited Competitors

Jupiter Energy

ASX:JPR

AU$29.3m

Bass Oil

ASX:BAS

AU$19.6m

ADX Energy

ASX:ADX

AU$50.5m

Hartshead Resources

ASX:HHR

AU$19.7m

Price History & Performance

Summary of all time highs, changes and price drops for Triangle Energy (Global)
Historical stock prices
Current Share Price	AU$0.02
52 Week High	AU$0.03
52 Week Low	AU$0.015
Beta	0.70
1 Month Change	5.26%
3 Month Change	-20.00%
1 Year Change	17.65%
3 Year Change	-25.93%
5 Year Change	-80.95%
Change since IPO	-97.78%

Recent updates

A Piece Of The Puzzle Missing From Triangle Energy (Global) Limited's (ASX:TEG) Share Price

Jul 03

Shareholder Returns

	TEG	AU Oil and Gas	AU Market
7D	25.0%	-1.7%	-3.0%
1Y	17.6%	0.3%	3.9%

Return vs Industry: TEG exceeded the Australian Oil and Gas industry which returned 0.3% over the past year.

Return vs Market: TEG exceeded the Australian Market which returned 3.9% over the past year.

Price Volatility

Is TEG's price volatile compared to industry and market?
TEG volatility
TEG Average Weekly Movement	10.6%
Oil and Gas Industry Average Movement	10.5%
Market Average Movement	8.9%
10% most volatile stocks in AU Market	17.2%
10% least volatile stocks in AU Market	3.4%

Stable Share Price: TEG's share price has been volatile over the past 3 months.

Volatility Over Time: TEG's weekly volatility (11%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
n/a	n/a	Conrad Todd	triangleenergy.com.au

Triangle Energy (Global) Limited engages in the exploration and production of oil and gas properties in Australia. The company holds a 78.75% interest in Cliff Head Oil Field with a production license covering 72 square kilometers and the oil field covering 6 square kilometers, located in Perth Basin, Western Australia. It holds a 45% interest in the Xanadu-1 oil field and a 50% interest in the Mount Horner Production licence located in the Perth Basin.

Triangle Energy (Global) Limited Fundamentals Summary

How do Triangle Energy (Global)'s earnings and revenue compare to its market cap?
TEG fundamental statistics
Market cap	AU$36.27m
Earnings (TTM)	-AU$15.79m
Revenue (TTM)	AU$14.31m

2.5x

P/S Ratio

-2.3x

P/E Ratio

Is TEG overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
TEG income statement (TTM)
Revenue	AU$14.31m
Cost of Revenue	AU$8.62m
Gross Profit	AU$5.70m
Other Expenses	AU$21.49m
Earnings	-AU$15.79m

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

n/a

Earnings per share (EPS)	-0.0087
Gross Margin	39.82%
Net Profit Margin	-110.27%
Debt/Equity Ratio	0%

How did TEG perform over the long term?

See historical performance and comparison

TEG Stock Overview

Rewards

Risk Analysis

Triangle Energy (Global) Limited Competitors

ASX:JPR

AU$29.3m

ASX:BAS

AU$19.6m

ASX:ADX

AU$50.5m

ASX:HHR

AU$19.7m

Price History & Performance

Recent News & Updates

Triangle Energy Global Ltd and New Zealand Oil and Gas Ltd. Commence Drilling of the Booth-1 Well in the North Perth Basin

First half 2024 earnings released: AU$0.004 loss per share (vs AU$0.009 profit in 1H 2023)

New minor risk - Profitability

Triangle Energy (Global) Limited, Annual General Meeting, Apr 04, 2024

Triangle Energy (Global) Limited has filed a Follow-on Equity Offering in the amount of AUD 5.06 million.

Triangle Energy (Global) Limited has filed a Follow-on Equity Offering in the amount of AUD 1.516749 million.

Recent updates

Triangle Energy Global Ltd and New Zealand Oil and Gas Ltd. Commence Drilling of the Booth-1 Well in the North Perth Basin

First half 2024 earnings released: AU$0.004 loss per share (vs AU$0.009 profit in 1H 2023)

New minor risk - Profitability

Triangle Energy (Global) Limited, Annual General Meeting, Apr 04, 2024

Triangle Energy (Global) Limited has filed a Follow-on Equity Offering in the amount of AUD 5.06 million.

Triangle Energy (Global) Limited has filed a Follow-on Equity Offering in the amount of AUD 1.516749 million.

Triangle Energy (Global) Limited Identifies Significant Oil Exploration Potential in Its Perth Basin Acreage

MD & Director exercised options to buy AU$182k worth of stock.

Triangle Energy (Global) Limited, Annual General Meeting, Nov 22, 2023

Full year 2023 earnings released: EPS: AU$0.001 (vs AU$0.007 loss in FY 2022)

A Piece Of The Puzzle Missing From Triangle Energy (Global) Limited's (ASX:TEG) Share Price

First half 2023 earnings released: EPS: AU$0.009 (vs AU$0.001 loss in 1H 2022)

No independent directors

Triangle Energy (Global) Limited, Annual General Meeting, Nov 24, 2022

Triangle Energy (Global) Limited (ASX:TEG) completed the acquisition of Production License L7 (R1) and Exploration Permit EP 437 from Key Petroleum (Australia) Pty Ltd and Key Midwest Pty Ltd for AUD 1.1 million.

Full year 2022 earnings released: AU$0.007 loss per share (vs AU$0.007 loss in FY 2021)

Triangle Energy (Global) Limited (ASX:TEG) agreed to acquire Key Petroleum (Australia) Pty Ltd and Key Midwest Pty Ltd from Key Petroleum Limited (ASX:KEY) for AUD 1,1 Million.

Triangle Energy (Global) SHS to Be Deleted from OTC Equity

Triangle Energy (Global) Limited and Pilot Energy Limited Provide Update on Cliff Head Joint Venture

Triangle Energy (Global) Limited Announces Completion of Perth Basin Permit L7 - 3D Seismic Survey

Triangle Energy (Global) Limited Announces L7 Permit Seismic Survey Commences

No independent directors

Triangle Energy (Global) Limited Reviews and Reworked the Highly Prospective L7 Permit

First half 2022 earnings: Revenues and EPS in line with analyst expectations

Less than half of directors are independent

Triangle Energy (Global) Limited Appoints Greg Hancock as Non-Executive Chairman of the Company

Triangle Energy (Global) Limited Board Appointments

Triangle Energy (Global) Limited Announces Resignation of Robert Towner as Chief Executive Officer

Full year 2021 earnings released: AU$0.007 loss per share (vs AU$0.011 loss in FY 2020)

Less than half of directors are independent

Triangle Energy (Global) Limited Provides Cliff Head Operations Update

Triangle Energy (Global) Limited Completes Review of the Prospects and Leads Portfolio Within the L7(R1) Licence (L7)

Triangle Energy (Global) Limited has completed a Follow-on Equity Offering in the amount of AUD 0.12 million.

Triangle Energy (Global) Limited announced that it expects to receive AUD 10 million in funding

Triangle Energy (Global) Limited (ASX:TEG) completed the acquisition of 78.75% stake in Offshore Perth Basin exploration permit WA-481-P from Pilot Energy Limited (ASX:PGY).

First half 2021 earnings released: AU$0.011 loss per share (vs AU$0.001 loss in 1H 2020)

Triangle Energy (Global) Limited Provides Cliff Head Resources, Well Planning and Farmout Update

Triangle Energy (Global) Limited (ASX:TEG) entered into a sale and purchase agreement to acquire unknown majority stake in Production Licence L7 (R1) and Exploration Permit EP 437 from Key Petroleum (Australia) Pty Ltd and Key Midwest Pty Ltd for AUD 0.6 million.

Triangle Energy (Global) Limited Announces Update in Relation to BP Kwinana Refinery

Triangle Energy (Global) Limited Announces CH-7 well Workover Complete and Production Resumes

Triangle Energy (Global) Limited Announces Production Resumes

Pilot Energy Limited and Triangle Energy (Global) Ltd Enters into a Joint Venture Agreement

Full year earnings released - AU$0.011 loss per share

Triangle Energy (Global) Limited announced that it has received AUD 2.2004 million in funding

Triangle Energy (Global) Limited announced that it expects to receive AUD 2.2004 million in funding