Pilot Energy Limited ( (AU:PGY) ) just unveiled an update.
Pilot Energy Limited has announced a significant upgrade to its prospective gas resource at the Leander Gas Prospect within the WA-481-P permit, increasing its estimate by approximately 250% to over 1 trillion cubic feet of gas. This upgrade positions Pilot to potentially supply gas for 30 years of low-carbon ammonia production at its Mid West Clean Energy Project. The company is also seeking partners through a farm-out process to fund further exploration activities, which could enhance its strategic positioning in the energy market.
More about Pilot Energy Limited
Pilot Energy Limited is a company operating in the energy sector, focusing on offshore exploration and production. It holds a 100% interest in the WA-481-P permit, one of the largest offshore exploration permits in Australia, and is involved in both oil and gas exploration as well as greenhouse gas exploration.
Average Trading Volume: 3,310,390
Technical Sentiment Signal: Buy
Current Market Cap: A$8.27M
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