Triangle Energy (Global) Ltd's Conrad Todd updates investors on the new prospective gas resource at its Perth Basin L7 permit. As a best estimate, L7 is now reported to hold 617 billion cubic feet of prospective gas resource — almost four times the previous 165-billion-cubic-foot estimate. Triangle currently has a 50% interest in the block, but it's looking to pick up the remaining interest from Key Petroleum in a move that will double its net resources.
Triangle Energy nearly quadruples prospective gas resource at L7 permit
