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Pilot Energy Limited ( (AU:PGY) ) has shared an announcement.
Pilot Energy Limited has requested an extension of its voluntary suspension from the ASX to finalize a capital raising package crucial for acquiring the Cliff Head project and transitioning it to a carbon storage operation. The company is negotiating with existing and new investors to secure a capitalisation package, but the complexity and scheduling difficulties have delayed its finalization, impacting the company’s ability to resume trading and continue its operations effectively.
More about Pilot Energy Limited
Pilot Energy Limited operates in the energy sector with a focus on transitioning traditional oil projects into carbon storage operations. Their primary focus involves the development and operation of projects like the Cliff Head project, which is transitioning into a carbon storage operation.
Average Trading Volume: 6,049,129
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$8.27M
See more insights into PGY stock on TipRanks’ Stock Analysis page.
