Hi Des
See TEG announcement released 21 Sept 2022
TRIANGLE SECURES 100% of PERMITS L7 & EP437
"Further to the acquisition of the subsidiary companies, Triangle Energy has purchased the 5% Petroleum Production Royalty from Key, wghich increases the value of the permits to both Triangle and potential future partners."
Great acquisition by TEG to finally succeed in obtaining the full 100% of these valuable permits and the royalty deal was the icing on the cake.
Good luck all.
Ann: NZO: NZ OIL & GAS EXECUTES PERTH BASIN FARM IN AGREEMEN, page-68
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