Board Change • May 20
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Non-Executive Chairman Greg Hancock was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • May 01
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Non-Executive Chairman Greg Hancock was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Announcement • Oct 22
Triangle Energy (Global) Limited, Annual General Meeting, Nov 20, 2025 Triangle Energy (Global) Limited, Annual General Meeting, Nov 20, 2025. Location: level 4, 88 william street, perth wa Australia Board Change • Aug 18
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Non-Executive Chairman Greg Hancock was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Feb 04
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Non-Executive Chairman Greg Hancock was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Dec 31
No independent directors There are 3 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Non-Executive Director Mike Collins is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Announcement • Oct 11
Triangle Energy (Global) Limited, Annual General Meeting, Nov 14, 2024 Triangle Energy (Global) Limited, Annual General Meeting, Nov 14, 2024. Location: the celtic club, 48 ord street, west perth, western australia, Australia New Risk • Sep 26
New major risk - Negative shareholders equity The company has negative equity. Total equity: -AU$2.8m This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (21% average weekly change). Negative equity (-AU$2.8m). Earnings have declined by 5.8% per year over the past 5 years. Shareholders have been substantially diluted in the past year (51% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$8.32m market cap, or US$5.69m). Announcement • Sep 06
Triangle Energy (Global) Limited Appoints Geraldine Holland as Joint Company Secretary Triangle Energy (Global) Limited advised the appointment of Geraldine Holland as Joint Company Secretary. Ms Holland is a Corporate Advisor at Nexia Perth, a financial services firm specialising in providing company secretarial, CFO and transaction management services involving both listed and unlisted companies. The Company further advised that Henko Vos remains as Joint Company Secretary. New Risk • Sep 03
New major risk - Revenue and earnings growth Earnings have declined by 9.6% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 9.6% per year over the past 5 years. Shareholders have been substantially diluted in the past year (51% increase in shares outstanding). Market cap is less than US$10m (AU$10.4m market cap, or US$7.01m). New Risk • Aug 07
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Shareholders have been substantially diluted in the past year (51% increase in shares outstanding). Market cap is less than US$10m (AU$14.6m market cap, or US$9.57m). Minor Risk Currently unprofitable and not forecast to become profitable over next 2 years (AU$4.0m net loss in 2 years). Announcement • Jun 13
New Zealand Oil & Gas Limited, Triangle Energy (Global) Limited and Strike Energy Limited Provides Drilling Update Booth Well in L7 Permit Perth Basin Triangle Energy Global Ltd. advised that preparatory works by the L7 Joint Venture with Strike Energy Ltd. and New Zealand Oil and Gas Ltd. to drill the Booth-1 well in the North Perth Basin are nearing completion and all regulatory approvals have been received. The Company now expects the Ventia 106 rig to be released by the current drilling operator in early July with the spud of the Booth-1 well expected to occur mid to late July. The Booth prospect, located in the east of L7, is planned to be the first well in the upcoming drilling campaign, targeting gas at the Kingia-High Cliff reservoirs with potential for oil or gas in the overlying Dongara and Cattamarra Coal Measures sandstones. Negotiations are ongoing for a rig to drill the Becos Prospect in permit EP 437. The Booth prospect has potential for multiple oil and gas targets, with a Prospective Resource range of 113 Bcf (billion cubic feet of gas) to 540 Bcf with a Best Estimate of 279 Bcf (Gross 100%, on-block), has a prognosed total depth of 2,900m (measured depth) and is expected to take 22 days to drill from spud. The well will deviate 800m to the southeast from the surface location to intersect three prospective reservoirs that are offset in depth and will have a true vertical depth of 2,670m. A new water supply well has been drilled which will subsequently be given to the landowner. Announcement • Apr 18
Triangle Energy Global Ltd and New Zealand Oil and Gas Ltd. Commence Drilling of the Booth-1 Well in the North Perth Basin New Zealand Oil & Gas Limited announced that its Joint Venture with Strike Energy Ltd. and New Zealand Oil and Gas Ltd. has contracted a rig to drill the Booth-1 well in the North Perth Basin. The Booth prospect, located in the east of L7, is planned to be the first well in the upcoming Joint Venture's drilling campaign, targeting gas at the Kingia-High Cliff reservoirs with potential for oil or gas in the overlying Dongara and Jurassic sandstones. The previously identified Becos oil prospect in EP 437 is intended to be the second well in the program, targeting the Bookara sandstone. Triangle expects to drill Becos in the September quarter 2024, subject to EP approval and final JV approval. Becos has a Prospective Resource range of 1 MMbbl (million barrels) to 21 MMbbl with a mid-case of 5 MMbbl oil (Gross 100%). The first two wells are expected to be drilled utilising separate rigs. The Booth prospect, with a total depth of 2,900m, requires a medium to large rig such as the Ventia 106 and the Becos prospect, with a prognosed depth of just over 1,000m, is more suited to a smaller, more mobile rig. This is an untested play underlying potential Jurassic to Permian oil-prone sandstone reservoirs in this area near Mount Horner Oil Field. Triangle Managing Director Conrad Todd said: "Booth will be the first well drilled in the two permits in the Perth Basin for 30 years. During this time, 3D seismic has been developed, which has played a pivotal role in some of the major discoveries in the Perth Basin in recent years. Triangle and JV partners have utilised new 3D seismic to locate and plan these wells and are excited to drill the first of many prospects within these permits. "This latest 3D data interpretation and geological analysis has led to numerous new oil and gas prospects being identified, further highlighting the immense potential in what is the most under-explored acreage in the lucrative Perth Basin". Authorised for Release by: The Board of Directors. These estimates have both an associated risk of discovery and a risk to development. Further exploration appraisal and evaluation is required to determine the existence of a significant quantity of potentially moveable hydrocarbons. The estimates of Prospective Resources included in the announcement have been prepared in accordance with the definitions and guidelines set out in the Petroleum Resources Management System ("PRMS") as revised in June 2018 by the Society of Petroleum Engeers. The PRMS defines prospective resources as those quantities of petroleum which are estimated, as of a given date, to be potentially recoverable from undiscovered accumulations. All Prospective Resources indicated within the updated L7, and EP 437 resources tables are calculated for a Gross 100% interest in the Permit and tabulated as Gross (100%) and Net (50%) interests. These prospects were mapped using the Bookara 3D seismic data which has been recently acquired and interpreted. TEG has applied a range of reservoir parameters based on regional well-owned and interpreted. Triangle has applied a range of reservoir metrics based on regional well-owned, and EP 437, which also hosts the Becos prospect, to be the first well in the North Perth Basin. Reported Earnings • Mar 15
First half 2024 earnings released: AU$0.004 loss per share (vs AU$0.009 profit in 1H 2023) First half 2024 results: AU$0.004 loss per share (down from AU$0.009 profit in 1H 2023). Revenue: AU$7.86m (up 9.4% from 1H 2023). Net loss: AU$4.91m (down 140% from profit in 1H 2023). Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. New Risk • Mar 14
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: AU$16m Forecast net loss in 2 years: AU$4.0m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (AU$4.0m net loss in 2 years). Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (AU$29.0m market cap, or US$19.2m). Announcement • Mar 06
Triangle Energy (Global) Limited, Annual General Meeting, Apr 04, 2024 Triangle Energy (Global) Limited, Annual General Meeting, Apr 04, 2024, at 14:00 W. Australia Standard Time. Location: The Celtic Club, 48 Ord Street, West Perth Western Australia Australia Agenda: To consider Ratification of prior issue of Tranche 1 Placement Shares under Listing Rule 7.1; to consider Approval to issue Tranche 2 Placement Shares to Tranche 2 Placement Participants; to consider Approval to issue Placement Options to Tranche 1 Placement Participants and Tranche 2 Placement Participants; to consider Approval to Issue Director Placement Securities to Directors; and to consider Approval to Issue Lead Manager Options. Announcement • Feb 21
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 5.06 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 210,000,000
Price\Range: AUD 0.016
Discount Per Security: AUD 0.00096
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 102,500,000
Price\Range: AUD 0.016
Discount Per Security: AUD 0.00096
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 3,750,000
Price\Range: AUD 0.016
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Announcement • Feb 20
Triangle Energy (Global) Limited has filed a Follow-on Equity Offering in the amount of AUD 1.516749 million. Triangle Energy (Global) Limited has filed a Follow-on Equity Offering in the amount of AUD 1.516749 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 94,796,812
Price\Range: AUD 0.016
Discount Per Security: AUD 0.00096
Security Features: Attached Options
Transaction Features: Rights Offering Announcement • Jan 11
Triangle Energy (Global) Limited Identifies Significant Oil Exploration Potential in Its Perth Basin Acreage Triangle Energy Global Ltd. announced that it has interpreted additional oil potential using the latest 3D seismic data on the L7 and EP 437 permits, in it's Joint Venture with Strike Energy Ltd. and New Zealand Oil and Gas Ltd. in the North Perth Basin, in addition to the previously announced gas resources. The review has resulted in updated Operator's resource estimates for the L7 and EP 437 permits. Discussions are underway to secure rig slots to drill mid 2024. The two most likely wells being on the Booth and Becos prospects. The Booth prospect, located in the east of L7, is planned to be the first well in the upcoming drilling campaign, targeting gas at the Kingia-High Cliff reservoirs with potential for oil or gas in the overlying Dongara and Jurassic sandstones. The previously identified Becos oil prospect in EP 437 will be the second well in the program, targeting the Bookara sandstone. Several other attractive gas prospects located in the L7 permit are also potential drill candidates. Notable is Huntswell Deep, which is a previously unmapped structure that has been identified on the 3D seismic, and MH-2 Updip, discussed below, located in the central portion of L7. In addition to the previously identified gas prospects the new oil prospects significantly add to a broad portfolio of exploration potential within the Triangle permits. Recent and ongoing evaluation of the seismic data has also identified a large basement high underlying the MH-2 Updip prospect. This is an untested play underlying potential Jurassic to Permian oil-prone sandstone reservoirs in this area near Mount Horner Oil Field. The Booth prospect primary target is gas in the Kingia and High Cliff reservoirs. However, whilst drilling to the Kingia, the well will pass though the Cattamarra reservoirs, which contain oil in the nearby Mt Horner oilfield, where Best Estimate Prospective Resources of 2.7 million barrels of oil are situated. The well will then intersect the Dongara sandstone which it presently calculate to have Best Estimate Prospective Resources of 19 Bcf gas. However, there is strong evidence of oil potential at this level from recently drilled wells nearby and in the Dongara Field. Should the Dongara reservoir contain oil instead of gas, the Best Estimate prospective resources would be 8.5 million barrels of oil (MMbbl), plus 2.7 MMbbl in the Cattamarra and 260 Bcf of gas in the Kingia /High Cliff. Oil at the Dongara reservoir level would further increase the value of the Booth prospect to the JV. Announcement • Oct 14
Triangle Energy (Global) Limited, Annual General Meeting, Nov 22, 2023 Triangle Energy (Global) Limited, Annual General Meeting, Nov 22, 2023, at 14:00 W. Australia Standard Time. Location: The Celtic Club, 48 Ord Street, West Perth Western Australia Australia Agenda: To receive and consider the annual financial report of the Company together with the reports of the directors and the auditor for the financial year ended 30 June 2023, as contained in the Company's Annual Report; to consider Adoption of the Remuneration Report; to consider Re-election of Mr. Greg Hancock as a Director; to consider Ratification of Shares Issued to Key Petroleum Ltd; to consider Approval to Grant Performance Rights to Mr. Conrad Todd; to consider Approval to Grant Performance Rights to Mr. Michael Collins; and to consider Approval of 10% Placement Facility. Reported Earnings • Sep 30
Full year 2023 earnings released: EPS: AU$0.001 (vs AU$0.007 loss in FY 2022) Full year 2023 results: EPS: AU$0.001 (up from AU$0.007 loss in FY 2022). Revenue: AU$13.6m (down 30% from FY 2022). Net income: AU$1.32m (up AU$9.03m from FY 2022). Profit margin: 9.7% (up from net loss in FY 2022). Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 16
First half 2023 earnings released: EPS: AU$0.009 (vs AU$0.001 loss in 1H 2022) First half 2023 results: EPS: AU$0.009 (up from AU$0.001 loss in 1H 2022). Revenue: AU$7.19m (up 3.8% from 1H 2022). Net income: AU$12.2m (up AU$13.2m from 1H 2022). Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Board Change • Nov 17
No independent directors There are 3 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Non-Executive Director Mike Collins is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Reported Earnings • Sep 29
Full year 2022 earnings released: AU$0.007 loss per share (vs AU$0.007 loss in FY 2021) Full year 2022 results: AU$0.007 loss per share (in line with FY 2021). Revenue: AU$19.4m (up 192% from FY 2021). Net loss: AU$7.70m (loss widened 96% from FY 2021). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 44% per year, which means it is significantly lagging earnings. Board Change • Apr 27
No independent directors There are 3 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Non-Executive Director Mike Collins is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Reported Earnings • Mar 18
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: AU$0.001 loss per share (up from AU$0.011 loss in 1H 2021). Revenue: AU$6.93m (up 90% from 1H 2021). Net loss: AU$1.03m (loss narrowed 80% from 1H 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 44% per year, which means it is significantly lagging earnings. Board Change • Feb 22
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. 1 independent director (3 non-independent directors). Independent Non-Executive Director Malcolm King is the most experienced director on the board, commencing their role in 2020. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Reported Earnings • Oct 01
Full year 2021 earnings released: AU$0.007 loss per share (vs AU$0.011 loss in FY 2020) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2021 results: Revenue: AU$6.66m (down 46% from FY 2020). Net loss: AU$3.93m (loss widened 3.8% from FY 2020). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 39% per year, which means it is significantly lagging earnings. Board Change • Sep 29
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Non-Executive Chairman Tim Monckton was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 19
First half 2021 earnings released: AU$0.011 loss per share (vs AU$0.001 loss in 1H 2020) The company reported a poor first half result with increased losses, weaker revenues and weaker control over costs. First half 2021 results: Revenue: AU$3.65m (down 52% from 1H 2020). Net loss: AU$5.04m (loss widened AU$4.82m from 1H 2020). Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings. Reported Earnings • Sep 23
Full year earnings released - AU$0.011 loss per share Over the last 12 months the company has reported total losses of AU$3.79m, with losses widening by 116% from the prior year. Total revenue was AU$12.3m over the last 12 months, down 7.1% from the prior year. 