Australia's Triangle Energy jumps on signing rig contract for WA project

New Zealand Oil and Gas

18/04/2024 03:49

** Shares of Triangle Energy (Global)  TEG.AX  rise as much
as 11.8% to A$0.019, posting their biggest intraday percentage
gain since March 6
    ** Stock hits its highest level since April 8
    ** Oil and gas explorer says its upcoming joint venture with
Strike Energy  STX.AX  and New Zealand Oil And Gas  NZO.NZ  has
contracted a rig to drill at its L7 permit in Western Australia
    ** More than 12.4 mln TEG shares change hands, compared with
the 30-day average volume of about 4.6 mln shares
    ** STX shares rise as much as 2.3%, while NZO's New Zealand
shares drop 3.5%
    ** TEG down 31.8% YTD, as of last close



 (Reporting by Aaditya Govind Rao in Bengaluru)
 ((Aaditya.govindrao@thomsonreuters.com;))