Triangle Petroleum Announces Proposed Acquisition of 15,000 Net Acres

- March 5th, 2011

Triangle Petroleum Corporation (AMEX:TPLM, CVE:TPO) enters into agreements to acquire up to 15,000 net acres for the Bakken and Three Forks formations in the Williston Basin.

Triangle Petroleum Corporation (AMEX:TPLM, CVE:TPO) enters into agreements to acquire up to 15,000 net acres for the Bakken and Three Forks formations in the Williston Basin.

The press release is quoted as saying:

Founded in 2006, Triangle (NYSE Amex:TPLM) (TSX VENTURE:TPO) is an independent oil and gas exploration company that has acquired, or commited to acquire, approximately 30,000 net acres in the Williston Basin targeting the Bakken Shale and Three Forks formations and approximately 475,000 gross acres (413,000 net acres) in the Windsor Block of Nova Scotia.

Click here to access the entire press release

4 responses to “Triangle Petroleum Announces Proposed Acquisition of 15,000 Net Acres

  1. I’m more inclined to follow Bill Gross’ lead. His assessment of US dollar based assets is a lot different, and his track record is too impressive to ignore. This article is focusing on extremely short term issues. Just look at the obscene amounts of fiat money Bernake has created, not to mention Bernake’s plan of US Treasury debt purchase. What a picture, Geithner creates debt, Bernake buys it with “created” money. Does the author remember Weimar Republic of 1917 – 1923. If not, my suggestion, take the time to read and study the affects the Identical economic policies Geithner and Bernake are following had on the German economy. Our esteemed author makes a weak case for the “negative factors” of the yellow metal. I for one will continue to acquire as much of the “yellow metal” as I can, always maintaining my correct ratio of hard to soft assets. Just remember, 2,600 years ago, 1 troy oz of gold would buy 360 loaves of bread. Today, 1 troy oz of gold buys 360 loaves of bread. I defy anyone show me a fiat currency with that level of security.

    Wally Pieper
    311 N River Rd
    McHenry, Illinois 60051
    623 695 4654
    wally@wallypieper.ws

  2. I’m more inclined to follow Bill Gross’ lead. His assessment of US dollar based assets is a lot different, and his track record is too impressive to ignore. This article is focusing on extremely short term issues. Just look at the obscene amounts of fiat money Bernake has created, not to mention Bernake’s plan of US Treasury debt purchase. What a picture, Geithner creates debt, Bernake buys it with “created” money. Does the author remember Weimar Republic of 1917 – 1923. If not, my suggestion, take the time to read and study the affects the Identical economic policies Geithner and Bernake are following had on the German economy. Our esteemed author makes a weak case for the “negative factors” of the yellow metal. I for one will continue to acquire as much of the “yellow metal” as I can, always maintaining my correct ratio of hard to soft assets. Just remember, 2,600 years ago, 1 troy oz of gold would buy 360 loaves of bread. Today, 1 troy oz of gold buys 360 loaves of bread. I defy anyone show me a fiat currency with that level of security.

    Wally Pieper
    311 N River Rd
    McHenry, Illinois 60051
    623 695 4654
    wally@wallypieper.ws

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