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An announcement from Pilot Energy Limited ( (AU:PGY) ) is now available.
Pilot Energy Limited has secured a $5.9 million PRRT refund debt financing facility from Finport Finance Pty Ltd to support the decommissioning and rehabilitation expenditures at the Cliff Head oil field. This facility allows for real-time funding of expenditures, significantly reducing the upfront financial burden on Pilot Energy and strengthening its capital position, while aligning repayments with the PRRT refund cycle.
More about Pilot Energy Limited
Pilot Energy Limited is a junior oil and gas exploration and production company focused on transitioning to carbon management projects and the production of hydrogen and clean ammonia for export to emerging APAC Clean Energy markets. The company plans to leverage its existing operations and infrastructure to develop Australia’s first offshore CO2 Storage Project through the conversion of the Cliff Head Oil field.
Average Trading Volume: 4,227,406
Technical Sentiment Signal: Sell
Current Market Cap: A$14.03M
Learn more about PGY stock on TipRanks’ Stock Analysis page.