Triangle Energy
Triangle Energy (Global) Limited is an ASX-listed Perth-based junior oil and gas explorer holding the WA-481P permit in Western Australia, a new Philippine onshore exploration contract, and a CCUS consortium stake via Triangle Energy Alliance.
- Company typePublic
- Founded2004
- HeadquartersPerth, Australia
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Triangle Energy does
Triangle Energy (Global) Limited is an Australia-domiciled, ASX-listed junior oil and gas exploration company headquartered in Perth. Its asset base centers on the WA-481P exploration permit in Western Australia, an option-linked interest in adjacent acreage held through a financial relationship with Pilot Energy, and — as of October 2025 — an onshore exploration service contract in the Philippines. Historically the company also held a stake in the Cliff Head oil field, which it agreed in February 2026 to divest to Pilot Energy as that counterparty repositions toward carbon management.
Through a vehicle called Triangle Energy Alliance, the company has co-founded the Capture North international collaboration alongside Green Hub Denmark and Clean to develop carbon capture, utilization, and storage (CCUS) expertise. The consortium builds on Alberta engagement begun in 2022 and is expanding into California, with Danish Energy Agency funding running from January 2026 through end-2027. This positions Triangle in the energy-transition upstream-adjacent space, leveraging its Western Australian operating history as a bridge into lower-carbon projects.
The company's revenue model is not publicly disclosed and no pricing or product detail is available; economics appear to flow from exploration upside, asset divestiture proceeds (Cliff Head), and grant/funding support for CCUS activity rather than from a recurring commercial product. With 11–50 employees, a single operating geography of consequence pre-2025, and a history of negative operating income, Triangle operates as a small, asset-driven explorer whose near-term cash generation depends on transaction events and external funding rather than steady production. The ongoing legal action against Echelon Energy (commenced December 2025) is an additional unresolved variable affecting the company's risk profile.
Triangle Energy firmographics
Firmographics- Name
- Triangle Energy
- Legal name
- Triangle Energy (Global) Limited
- Website
- https://triangleenergy.com.au
- Company type
- Public
- Founded year
- 2004
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Triangle Energy (Global) Limited is an ASX-listed Perth-based junior oil and gas explorer holding the WA-481P permit in Western Australia, a new Philippine onshore exploration contract, and a CCUS consortium stake via Triangle Energy Alliance.
- Ownership category
- akta.pro rank
Triangle Energy industry classification
Industry- Product category
- Oil and Gas Exploration
- NAICS
- Oil and Gas Extraction (2111), Crude Petroleum Extraction (21112), Geophysical Surveying and Mapping Services (541360)
- SIC
- Oil & Gas Field Exploration Services (1382), Crude Petroleum & Natural Gas (1311)
- akta.pro primary industry
- Development Management & Owner’s Engineering (Design Basis, Yield, Technical Due Diligence) (EUAMAAAG)
- akta.pro secondary industry
- Environmental & Emissions Commodities Exchanges (Carbon, Renewable Certificates) (FSAFAMAE)
Keywords
Where Triangle Energy is headquartered
LocationHeadquarters
- HQ city
- Perth
- HQ country
- Australia
- HQ region
- Oceania
Offices1 record
Markets served
Triangle Energy business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Personnel, Infrastructure, Others
Triangle Energy product offering
Product offeringCore offering
Triangle Energy is an Australian oil and gas exploration company that holds exploration permits including WA-481P in Western Australia and was awarded an onshore exploration service contract in the Philippines. Through the Triangle Energy Alliance, it participates in carbon capture, utilization, and storage (CCUS) collaboration projects in Denmark, Canada, and California. The company's activities center on upstream petroleum exploration and clean-energy transition initiatives.
Product overview
Triangle Energy is an energy company involved in oil and gas exploration, carbon capture and storage initiatives, and clean energy projects. The company holds exploration permits including WA-481P in Western Australia and was awarded an onshore exploration service contract in the Philippines. The company operates in the broader energy transition space, including involvement in carbon capture, utilization, and storage (CCUS) through partnerships such as the Capture North collaboration project. No specific named product offerings or service modules are detailed in the available source data.
Differentiator
Problem solved
Functional benefit
Products and services
- WA-481P Exploration Permit (Western Australia) Upstream onshore exploration permit covering acreage in Western Australia, supporting Triangle Energy's oil and gas exploration activities.
- Philippines Onshore Exploration Service Contract Onshore exploration service contract in the Philippines awarded to Triangle Energy in October 2025, expanding the company's international upstream footprint.
- Triangle Energy Alliance – Capture North CCUS Project International collaboration project developing expertise in carbon capture, utilization, and storage (CCUS), building on Alberta, Canada engagement since 2022 and expanding to California in 2027.
Companies that use Triangle Energy
Customer profileIdeal customer profiles1 record
Triangle Energy technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Triangle Energy partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- Green Hub DenmarkcoreTriangle Energy Alliance is a co-founder of the 'Capture North' international collaboration project, alongside Green Hub Denmark and Clean. The project aims to develop Danish expertise in carbon capture, utilization, and storage (CCUS), building on several years of engagement in Alberta, Canada that began in 2022. The project will expand efforts to include California, with delegation trips planned to Alberta in fall 2026 and to California during 2027. Funding support is provided by the Danish Energy Agency from January 2026 until end of 2027.
- CleancoreClean is a co-founder of the 'Capture North' international collaboration project alongside Triangle Energy Alliance and Green Hub Denmark. The project develops Danish expertise in CCUS, building on Alberta engagement since 2022, expanding to California in 2027.
Scale indicators2 records
Recent moves5 records
Expansion highlights5 records
Triangle Energy competitors and assessment
Company assessmentDirect peers
- Pilot Energy: Australian ASX-listed energy company and direct counterparty on both the Cliff Head acquisition and the WA-481P bridge loan/option arrangement. Operates in overlapping upstream and CCUS (Cliff Head Carbon Storage Project) domains in Western Australia, making it the closest comparable to Triangle Energy's footprint and asset base.
- Buru Energy: Australian oil and gas exploration and production company focused on Western Australia onshore assets. Directly comparable as a small-cap ASX-listed upstream operator pursuing exploration-led growth in the same geography.
- Carnarvon Energy: Australian oil and gas exploration company with assets in Australia and previously Southeast Asia. Comparable to Triangle Energy as a small-cap ASX-listed explorer pursuing international frontier opportunities alongside domestic operations.
- Strike Energy: ASX-listed Australian energy company with a mix of conventional gas exploration and clean-energy initiatives (e.g., Project Haber, carbon management). Comparable business model — small-cap energy operator with an upstream + transition narrative.
- 88 Energy: Australian/UK-listed oil and gas exploration company pursuing assets in Alaska and other international jurisdictions. Comparable as a small-cap explorer with international ambitions and exploration-driven value drivers.
- Comet Ridge: ASX-listed Australian natural gas explorer with assets in Queensland and New Zealand. Comparable to Triangle Energy as a small-cap Australian-listed exploration company pursuing a multi-jurisdiction growth strategy.
- Coda Minerals: Australian-listed mineral and energy explorer with copper-cobalt and energy interests. Comparable as a small-cap ASX-listed exploration company with international optionality.
- Brookside Energy: ASX-listed oil and gas exploration company focused on the Anadarko Basin in Oklahoma, US. Comparable as a small-cap Australian-listed explorer with international (US) operations and a similar risk profile.
Emerging players
- Genex Power: Australian renewable energy and storage developer with pumped hydro and battery storage projects. Comparable to Triangle Energy's clean-energy pivot in spirit, though operating in renewables rather than CCUS — relevant for the energy-transition re-rating thesis.
Broad incumbents
- Santos: Major Australian oil and gas producer with significant CCUS investments (e.g., Moomba CCS project). Comparable in the CCUS/clean-energy transition narrative and as a counterparty/benchmark for Australian upstream and CCS activity, though vastly larger and broader in scope.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks6 records
Key highlights6 records
Customer concentration
Triangle Energy social profiles
Digital presenceTriangle Energy financial estimates
Financial estimateRevenue estimate
Valuation estimate
Triangle Energy leadership team
Management profileNumber of profiles
Profiles1 record
Triangle Energy funding detail
Funding detailFunding overview
Funding rounds1 record
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Triangle Energy M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Triangle Energy
What does Triangle Energy do?
Triangle Energy is an Australian oil and gas exploration company that holds exploration permits including WA-481P in Western Australia and was awarded an onshore exploration service contract in the Philippines. Through the Triangle Energy Alliance, it participates in carbon capture, utilization, and storage (CCUS) collaboration projects in Denmark, Canada, and California. The company's activities center on upstream petroleum exploration and clean-energy transition initiatives.
Is Triangle Energy a public or private company?
Triangle Energy is a public company. It is classified as public and is currently operating.
When was Triangle Energy founded?
Triangle Energy was founded in 2004. It employs 11 to 50 people.
Where is Triangle Energy based?
Triangle Energy is headquartered in Perth, Australia, in the Oceania region.
Who are Triangle Energy's main competitors?
Direct peers on record are Pilot Energy, Buru Energy, Carnarvon Energy, Strike Energy, 88 Energy, Comet Ridge, Coda Minerals and Brookside Energy. Genex Power is listed as an emerging player. Santos is listed as a broad incumbent.
Does Triangle Energy have an API?
No public API is recorded for Triangle Energy.
What industry is Triangle Energy in?
Triangle Energy's product category is Oil and Gas Exploration. Its primary akta.pro industry code is EUAMAAAG, Development Management & Owner’s Engineering (Design Basis, Yield, Technical Due Diligence), with a secondary code of FSAFAMAE, Environmental & Emissions Commodities Exchanges (Carbon, Renewable Certificates). Its NAICS code is 2111 and its SIC code is 1382.