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Triangle Energy (Global) Limited ( (AU:TEG) ) has issued an announcement.
Pilot Energy Limited, operating in the oil and gas industry, is focused on maintaining regulatory compliance and transitioning its Cliff Head Oil Field facilities into a potential future carbon storage operation. The company has successfully completed key activities mandated by NOPSEMA, including securing wells and facilities, and is progressing with risk management and environmental protection measures. These efforts are part of a broader strategy to right-size operations and explore new revenue streams, positioning the company for future opportunities in carbon storage.
More about Triangle Energy (Global) Limited
Technical Sentiment Signal: Buy
Current Market Cap: A$6.27M
Learn more about TEG stock on TipRanks’ Stock Analysis page.