Pilot Energy Expands Carbon Storage Footprint

Pilot Energy Limited (AU:PGY) has released an update.

Pilot Energy Limited has significantly increased its position in the carbon storage market with the acquisition of a new Greenhouse Gas Assessment Licence G-12-AP in the Offshore Perth Basin, expanding their greenhouse gas acreage from 72 to 7472 square kilometers. This strategic move complements their existing gas exploration activities and underlines their leadership in Australia’s offshore carbon storage industry, with the potential to establish multiple permanent carbon storage sites, akin to their substantial resources in the nearby WA 31-L area.

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