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Pilot Energy Limited ( (AU:PGY) ) has provided an announcement.
Pilot Energy Limited has announced significant progress in its farmout process for the WA-481-P offshore North Perth Basin gas exploration project. The company is nearing the completion of securing joint venture partners, with offers expected to close by the end of December. This process is crucial for advancing the Leander Gas Discovery, with the timing of seismic acquisition and drilling campaigns to be determined through commercial negotiations. This development could enhance Pilot Energy’s operational capabilities and strategic positioning in the region.
The most recent analyst rating on (AU:PGY) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on Pilot Energy Limited stock, see the AU:PGY Stock Forecast page.
More about Pilot Energy Limited
Pilot Energy Limited operates in the energy sector, focusing on oil and gas exploration. The company is the 100% owner and operator of WA-481-P, the largest Commonwealth offshore exploration permit in the North Perth Basin, strategically positioned near significant oil and gas fields.
Technical Sentiment Signal: Sell
Current Market Cap: A$8.63M
See more data about PGY stock on TipRanks’ Stock Analysis page.