Summary of TRIANGLE PETROLEUM CORP

Item 2.02 Results of Operations and Financial Condition.

On February 14, 2013, Triangle Petroleum Corporation (the "Company") issued a press release to provide an operational update. A copy of this press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

The information in Item 2.02 of this Current Report on Form 8-K and Exhibit 99.1 attached hereto is being furnished and shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section. The information in Item 2.02 of this Current Report on Form 8-K and Exhibit 99.1 attached hereto shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in any such filing.

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On February 13, 2013, Dr. Peter Hill, the Company's then Executive Chairman of the Board of Directors, submitted his resignation from his executive role at the Company. Dr. Hill remains the Chairman of the Board of Directors, now in a non-executive capacity.

Also on February 13, 2013, Justin Bliffen, the Company's then Executive Vice President of Corporate Finance, was appointed as Chief Financial Officer and will serve as the Company's Principal Financial Officer. In connection with the appointment of Mr. Bliffen, Joseph Feiten resigned as the Chief Financial Officer and remains the Company's Principal Accounting Officer.

Justin Bliffen, age 36, was appointed Chief Financial Officer of the Company on February 13, 2013, having previously served as VP of Finance and Executive Vice President of Finance of the Company, sequentially, beginning in March 2011. Since joining the Company, Mr. Bliffen has been instrumental to the Company's corporate finance, budgeting, strategic, and capital markets initiatives. Prior to joining the Company, Mr. Bliffen served as an Associate and Vice President energy derivatives trader at Goldman Sachs from August 2008 to February 2011. Prior to joining Goldman Sachs, Mr. Bliffen served for eight years as a United States Naval Officer and six years as a Navy SEAL. Mr. Bliffen received his B.S. in Systems Engineering from the United States Naval Academy and his M.B.A., Major in Finance from the Wharton School.