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Pilot Energy Clarifies ASX Suspension Status Amid Transition to Clean Energy

Story Highlights

An announcement from Pilot Energy Limited ( (AU:PGY) ) is now available.

Pilot Energy Limited clarified that an incorrect announcement by the ASX about the company’s suspension was retracted, confirming their compliance with ASX Listing Rules. The company remains in suspension under a different rule as previously requested, maintaining its operational focus on transitioning to 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 carbon management services and integrated clean energy projects, such as hydrogen and ammonia. The company leverages its existing oil and gas tenements and infrastructure, with significant interests in the Cliff Head Oil field and WA-481-P exploration permit in offshore Western Australia, to support these developments.

Average Trading Volume: 3,310,390

Technical Sentiment Consensus Rating: Buy

Current Market Cap: A$8.27M

See more insights into PGY stock on TipRanks’ Stock Analysis page.

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