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An update from Pilot Energy Limited ( (AU:PGY) ) is now available.
Pilot Energy Limited announced the closure of an offer under a Prospectus filed with the ASX, which was intended to facilitate the secondary trading of certain securities without disclosure under the Corporations Act. This move marks a significant step in Pilot’s transition towards clean energy projects, potentially impacting its operations and positioning within the industry.
More about Pilot Energy Limited
Pilot Energy Limited is a junior oil and gas exploration and production company focusing on diversifying into carbon management projects, hydrogen production, and clean ammonia for export to emerging APAC Clean Energy markets. The company plans to leverage its existing oil and gas operations to develop Australia’s first offshore Carbon Storage Project by converting the Cliff Head Oil field and infrastructure from oil production to Carbon Storage.
Average Trading Volume: 3,310,390
Technical Sentiment Signal: Sell
Current Market Cap: A$13.88M
Find detailed analytics on PGY stock on TipRanks’ Stock Analysis page.