Triangle Energy (Global) Ltd shares jump on new BP crude oil storage agreement
Triangle Energy shares jump on new BP crude oil storage agreement The company has reached an agreement with the global energy giant to store crude oil from Cliff Head Oil Field in the Perth Basin at BP’s Kwinana facility. Shares were as much as 28% higher today to 3.2 cents. Triangle Energy (Global) Ltd (ASX:TEG) shares rose as much as 28% on news it had reached an agreement with BP PLC (LON:BP) (NYSE:BP) (FRA:BPE5) to store crude oil at BP’s Kwinana facility in Western Australia. The storage agreement is for one year and brings to an end a period of uncertainty regarding the ...
Source: proactiveinvestors.com.au