Page 13 - AsianOil Week 22 2022

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decarbonisation opportunities is fundamental Triangle Energy is pleased to announce a reduction in risk of the very attractive
to Santos’ climate transition action plan. that the 3D seismic survey over the highly prospects and leads which have a most likely
“Santos supplies around 40 per cent of prospective L7 Permit (Triangle Energy (TEG) prospective resource case of 617bn cubic feet
the State’s total domestic demand, and we 50%, Key Petroleum (KEY) 50%), and the (bcf) gas and 19mn barrels oil as detailed
are committed to ongoing investment in EP437 Permit (TEG acquiring 13.058% from in the ASX release of the 12th April 2022,
developing new gas supplies in WA. Pilot (PGY) and 86.942% from KEY) in the which we expect will lead into well planning
“As Australia’s biggest domestic gas supplier Perth Basin has completed within time and on process and then to drilling late next year. The
and a leading Asia Pacific LNG supplier, we budget. survey outline shown in Figure 3 covers the
are committed to supplying critical fuels Triangle presently holds a 50% interest prospective areas of the blocks. The data was
such as natural gas in a more sustainable way in the L7 permit and is in the process of acquired by vibroseis (Figure 4) after the crops
through decarbonising projects.” acquiring the remaining 50% from Key were harvested.
SANTOS, June 01, 2022 Petroleum. The L7 Permit is located just north of the
Processing of the seismic data is expected large Waitsia, Senecio and Lockyer Deep gas
Triangle Energy – Perth to take 4-5 months for the final product fields and contains
however a fast-track seismic cube will be
highly attractive, similar-looking structures
Basin Permit L7: 3D seismic available sooner which will enable Triangle to with the same reservoir targets.
commence their interpretation and prospect
TRIANGLE ENERGY, May 31, 2022
completed generation early. This is expected to result
in a confirmation of resource estimates and

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