Triangle Energy (TEG) investor relations material

Executive summary

• Announced spin-out of Philippines assets into Tetragon, with shareholders receiving 50% of Tetragon shares via in-specie distribution.

• Secured option over WA 481P in Perth Basin and finalized sale of Cliff Head facilities to Pilot Energy, transitioning to a CCS project.

• Initiated joint study in Indonesia for potential PSC, with partial funding from Tetragon and Winchester.

• Maintains interests in UK licenses P2628 and P2650, with ongoing evaluation and divestment processes.

Financial highlights

• Cash balance at 31 March 2026 was $4.79 million.

• Net cash used in operating activities for the quarter was $(542)K; for the nine months, $(1.65) million.

• Net cash used in investing activities for the quarter was $(257)K; for the nine months, $(1.17) million.

• Estimated quarters of funding available: 6.03, based on current cash and outgoings.

Outlook and guidance

• Tetragon IPO planned post-spinout, aiming to raise a minimum of $4 million.

• Focus on advancing Philippines assets and pursuing new ventures in Southeast Asia, Australia, and Europe.

• Perth Basin assets to be advanced following JV partner withdrawals and legal proceedings.