Triangle Energy (Global) Limited – Leverage to Recovering Oil Prices – Low Cost Pathway to Production


June 18, 2020
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Our base case valuation of Triangle Energy is A$0.14/sh per share. 50% of that value is driven by risked exploration upside. Our risk factor is 20%. The valuation ranges in the table below assume long term oil prices of A$55/bbl at the low end to A$95/bbl at the high end. Given historical oil prices, this is not an aggressive price range.