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An announcement from Pilot Energy Limited ( (AU:PGY) ) is now available.
Pilot Energy Limited announced the retirement of Mr. Bruce Gordon as a non-executive director, effective 12 February 2025. This change is part of a broader board renewal strategy, with the recent appointment of two new directors. The company is shifting focus towards clean energy, demonstrated by site visits to future carbon storage and ammonia production locations. This strategic board and operational shift marks Pilot’s transition from a traditional oil and gas explorer to a developer of major clean energy projects.
More about Pilot Energy Limited
Pilot Energy Limited is a junior oil and gas exploration and production company focused on transitioning to clean energy projects. The company is involved in developing carbon management projects and producing hydrogen and clean ammonia for export to the APAC Clean Energy markets. Pilot aims to leverage its existing oil and gas operations to spearhead these developments, notably through Australia’s first offshore CO2 Storage Project in the Cliff Head Oil field.
Average Trading Volume: 6,409,390
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$8.27M
See more insights into PGY stock on TipRanks’ Stock Analysis page.
