Past year: ▼ 67%(0.10c – 0.30c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
31 Aug 2026registration revoked▼ BadMajor
Triangle was removed from the ASX official list at close of trading on 28 August 2026 for not paying annual listing fees. This ends its listing, following the July administration and suspension. Shares can no longer trade on the ASX.
24 Aug 2026listing compliance notice▼ Bad
Triangle is named among entities that failed to pay ASX annual listing fees for the year to 30 June 2027; its shares were already suspended. Unless paid by 28 August 2026, it faces removal from the official list.
21 July 2026bankruptcy or receivership▼ BadMajor
Triangle and three subsidiaries entered voluntary administration under Bryan Hughes of 101 Advisory. This followed administration of Pilot and the Cliff Head operator, and Triangle's stated inability to meet potential decommissioning obligations. Outcome for shareholders is unknown.
21 July 2026listing compliance notice▼ BadMajor
ASX suspended Triangle's shares immediately, ruling its financial condition inadequate to justify quotation and that it breaches Listing Rule 12.2. This follows the voluntary administration announced the same day. Suspension continues until ASX is satisfied the company complies.
16 July 2026listing compliance notice▼ BadMajor
Triangle shares suspended at its own request. It cannot yet update the market on the Cliff Head sale because Pilot entered voluntary administration on 14 July 2026. Triangle is seeking advice as seller and secured creditor. Suspension runs to 21 July or an announcement.
1 July 2026debt default or forbearance▼ Bad
Pilot did not repay Triangle's A$250,000 loan by 30 June 2026; repayment is extended to 30 September 2026 so Pilot can finalise funding and strategy initiatives. Another delay from Pilot, which already owes Triangle the Cliff Head note.
19 June 2026joint venture update● NeutralMajor
Strike and Echelon have transferred their interests in L7 and EP 437 back to Triangle, which now holds 100% of both. Claims against them continue in court. Triangle will seek new partners. Resolves the partners' withdrawal but leaves Triangle carrying the permits alone.
15 May 2026admin correction● Neutral
Corrects the 12 May announcement: the distribution ratio is 1 Tetragon share per 112.83 Triangle shares, and completion was on 7 May, not 5 May. Other figures are unchanged.
12 May 2026asset acquisition disposition● NeutralMajor
The Tetragon in-specie distribution was completed: 19,700,408 shares went to Triangle shareholders, with a A$2.09M capital reduction. Option exercise prices were cut by about A$0.001. Triangle's Philippines permits now sit outside the company. Completion date is later corrected.
30 Apr 2026director officer appointment● NeutralMajor
From 1 May 2026, COO Rory McGoldrick becomes CEO on A$300,000 a year, and Managing Director Conrad Todd moves to Tetragon as MD and becomes a non-executive director of Triangle. Follows the Tetragon spin-out.
29 Apr 2026quarterly activities report● Neutral
March quarter: cash A$4.79M, down from A$5.59M. Shareholders voted overwhelmingly for the Tetragon spin-out on 24 April. Pilot loan and WA-481-P option noted. Athena has started a process to sell the UK P2628 permit with Triangle.
23 Apr 2026security holder rights change● Neutral
Shareholders are reminded to lodge their Tax File Number with Automic, or some Tetragon shares may be withheld in the in-specie distribution. Record date is stated as 30 April 2026. Administrative notice only.
17 Apr 2026investor presentation● Neutral
Tetragon presentation on the Philippines Sulu Sea blocks, citing 470 Bcf of discovered gas and four 3D surveys to be reprocessed. It repeats known facts. Mentions an EGM date of 24 April 2026 for the spin-out.
16 Apr 2026material agreement● Neutral
Triangle lent Pilot Energy A$250,000, repayable by 30 June 2026, and received a one-year option to take 7.5% of Pilot's WA-481-P offshore permit for A$250,000, plus a possible further 2.5% for A$500,000. Adds exposure to Pilot, which already owes Triangle the Cliff Head note.
16 Apr 2026other▼ Bad
Pilot confirms the A$250,000 Triangle loan and WA-481-P option. Pilot's shares have been suspended since 2 April while funding and strategy talks run longer than expected. This signals financial strain at the company that owes Triangle for Cliff Head.
24 Mar 2026other● Neutral
Short-form prospectus for the transfer of 19,700,100 Tetragon shares to Triangle shareholders under the planned in-specie distribution, to allow secondary trading. It incorporates the Notice of Meeting by reference; the readable text carries no new figures.
23 Mar 2026material agreement▲ Good
Triangle confirms Tetragon and Winchester will each lend A$500,000 for the study's performance bond and fund 24.5% of costs, for options on 24.5% of any PSC; Triangle keeps 51%. This funds the 12 March Indonesian study. No licence is guaranteed.
23 Mar 2026material agreement● Neutral
Winchester Energy signs a binding term sheet to join Triangle's Indonesian joint study, lending A$500,000 for the performance bond and funding its share. If a PSC is won: Triangle 51% operator, Winchester and Tetragon 24.5% each. Winchester's CEO is also Triangle's COO, and related-party loans are involved.
17 Mar 2026asset acquisition disposition● NeutralMajor
Triangle plans to spin out its Philippines permits (SC-80, 81, 82) into Tetragon Energy, distributed free to shareholders at about 1 Tetragon share per 112 Triangle shares. Triangle adds A$1.5M seed capital; Tetragon plans an A$4M minimum IPO at A$0.20. Needs shareholder vote and ASX approval.
12 Mar 2026material agreement▲ Good
Triangle signed a Joint Study Agreement over an undisclosed offshore Indonesian area, giving priority rights to negotiate a production sharing contract afterwards. The study takes 6-8 months and costs about US$300,000. Location is confidential; a PSC would still be competitive. A small new-ventures step.
11 Mar 2026half year report● Neutral
Half-year report to 31 December 2025. The readable text restates the three Philippines permits and the Cliff Head divestment to Pilot, still in progress. Financial statements are truncated, so no results figures are shown.
29 Jan 2026quarterly activities report● Neutral
December quarter: cash A$5.59M, down from A$6.90M. Legal proceedings against both Strike and Echelon are under way. Triangle plans to prepare the MH-28 oil prospect for drilling and is reprocessing Philippines seismic. Shares on issue 2,201M.
11 Dec 2025joint venture update● NeutralMajor
Triangle has sued Echelon's subsidiary Acacia (L7) in the WA Supreme Court for breach of the farm-in agreement, claiming A$3.84M for its share of the third well. This mirrors the October action against Strike; negotiations failed.
20 Nov 2025investor presentation● Neutral
AGM presentation promoting the new Philippines permits as transformational, citing about 500 Bcf of discovered gas on two of three blocks and favourable fiscal terms. It repeats the 10 October announcements. Seismic review is underway. No new figures in the readable text.
29 Oct 2025joint venture update● NeutralMajor
Triangle has sued Strike's subsidiary Talon (L7) in the WA Supreme Court for breach of the farm-in agreement, claiming A$3.84M, Strike's share of the third well cost. This follows Strike's June withdrawal and failed negotiations; it turns the dispute into litigation.
28 Oct 2025quarterly activities report● Neutral
September quarter: cash A$6.90M, down from A$7.62M. Three Philippines permits awarded after quarter end. Strike and Echelon still withdrawing from the Perth Basin permits, with Triangle reviewing its position. Market cap A$6.57M at A$0.003.
28 Oct 2025admin correction● Neutral
Corrects the Appendix 5B funding table in the quarterly report: cash at quarter end A$6.90M (not A$7.62M, the prior quarter's figure), and estimated funding of 9.62 quarters rather than 3.44. Attributed to an administrative oversight. Updated report attached.
10 Oct 2025regulatory community update▲ GoodMajor
Triangle awarded onshore Luzon permit SC-82 (Cagayan Basin) with 100% interest, resolving the pending NA-11 award. It holds the Nassiping-2 gas discovery. Work commitment: US$425,000 in the first two years, with later phases discretionary (well est. US$5.9M). Partners to be sought.
10 Oct 2025regulatory community update▲ GoodMajor
Triangle awarded offshore Philippines contracts SC-80 and SC-81 in the Sulu Sea, as operator with 37.5%. This resolves the pending presidential approval of the BARMM blocks. SC-80 holds two gas discoveries with 470 Bcf 2C contingent (176 Bcf net), per a 2018 previous-operator report.
29 Sept 2025annual report● Neutral
Annual report for the year to 30 June 2025. Chairman notes two dry Perth Basin wells, Strike and Echelon's withdrawal, and the Cliff Head sale for a A$5.563M note. He expects a rebuilding phase in 2026 tied to Philippines permit awards. Text is truncated, so financials are not shown.
