Pilot Energy Limited ( (AU:PGY) ) has shared an update.
Pilot Energy Limited has announced significant developments in its operations, including a board renewal with the appointment of new directors and a major increase in prospective resources at the WA-481P permit. The company has also revised acquisition terms for the Cliff Head Oil Joint Venture and completed a $7.4 million capital raising. Additionally, Pilot received a proposal from a foreign enterprise to acquire a minority interest in its Cliff Head Carbon Storage Project, indicating potential strategic partnerships.
More about Pilot Energy Limited
Pilot Energy Limited operates in the energy sector, focusing on oil and gas exploration and production. The company is primarily engaged in offshore exploration activities in the northern Perth Basin, Western Australia, and is expanding its interests in carbon storage projects.
Average Trading Volume: 3,310,390
Technical Sentiment Signal: Buy
Current Market Cap: A$13.88M
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