New Zealand Oil & Gas Limited (NZEOF) has released an update.
Triangle Energy Global Ltd is gearing up for a significant drilling operation in the North Perth Basin, with the Booth-1 well expected to commence mid to late July 2024. The company has completed preparatory works, including civil works for the drill pad, and received all necessary regulatory approvals. The Booth prospect holds promising potential with a Prospective Resource estimated between 113 to 540 billion cubic feet of gas, aiming to target multiple oil and gas reserves.
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