Triangle Energy Global : Update in Relation to BP Kwinana Refinery

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Triangle Energy Global : Update in Relation to BP Kwinana Refinery

ASX Announcement

22 March 2021

ASX:TEG

Update in Relation to BP Kwinana Refinery

Perth Basin oil producer Triangle Energy (Global) Limited (Triangle / the Company) (ASX: TEG) refers to its previous announcements in response to BP’s intended conversion of the Kwinana oil refinery to a fuel import terminal.

The Company has received a further notice of variation of the termination date from BP under the Crude Oil Supply Agreement. The termination effective date has therefore been extended from 22 March 2021 to 22 April 2021.

The Cliff Head Oil Field will continue to produce and deliver its product to the BP refinery in Kwinana until this time. As previously disclosed, the Company is continuing to consider the oil marketing opportunities available to it and the final commercial outcomes of these will be provided to the market in due course.

The Company will continue to keep shareholders updated in line with its continuous disclosure obligations.

Triangle Energy (Global) Ltd is an ASX listed (ASX:TEG) oil producer and explorer based in Perth, Western Australia. The Company has a 78.75% interest in, and is Operator of, the producing Cliff Head Oil Field, which includes the Arrowsmith Stabilisation Plant. Triangle also has a 50% share of the Mt Horner L7 production licence and a 45% equity interest in the Xanadu-1 Joint Venture, both located in the Perth Basin. Triangle also has a substantial equity interest in State Gas Ltd (ASX:GAS), which has an 100% operating interest in the Reids Dome production licence (PL 231) in Queensland. The Company continues to assess acquisition prospects to expand its portfolio of assets.

Triangle Energy (Global) Limited ABN 52 110 411 428

triangleenergy.com.au

Suite 2, 100 Havelock St, West Perth WA 6005 | PO Box 51 West Perth WA 6872 Australia T +61 8 9219 7111

Disclaimer

Triangle Energy (Global) Limited published this content on 22 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 March 2021 22:48:03 UTC.