Australia's Triangle Energy rises after JV wins 5 blocks to explore in UK

Triangle Energy (Global)

03/11/2023 03:50

** Shares of Triangle Energy  TEG.AX  rise as much as 22.22%
to A$0.022, their highest level since Sept 11
    ** Oil production and exploration co says won half-share of
a significant UK gas field
    **Adds, an equal JV with Athena Exploration offered five
blocks in the UK West of Shetland
    **"We now have a diversified asset base, all in tier-one
locations" - Managing Director Conrad Todd
    ** More than 15 mln shares change hands by 0250 GMT, 8 times
the 30-day average  
    ** Stock down ~18% this year as of last close


 (Reporting by Sherin Sunny in Bengaluru)
 ((Sherin.Sunny@thomsonreuters.com))