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Pilot Energy Limited ( (AU:PGY) ) has issued an update.
Pilot Energy Limited announced its participation in the Carbon Capture APAC Summit in Melbourne, where it presented its plans for the Cliff Head Carbon Storage Project. This initiative aims to provide a low-cost carbon emissions solution by transitioning the Cliff Head Oil field to a CO2 storage facility. This strategic move is expected to enhance Pilot Energy’s position in the clean energy sector and potentially impact stakeholders by advancing carbon management solutions in the region.
More about Pilot Energy Limited
Pilot Energy Limited is a junior oil and gas exploration and production company focusing 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, converting the Cliff Head Oil field from oil production to CO2 storage as part of the Mid West Clean Energy Project.
Average Trading Volume: 8,079,014
Technical Sentiment Signal: Sell
Current Market Cap: A$23.75M
Find detailed analytics on PGY stock on TipRanks’ Stock Analysis page.