Pilot Energy Limited (AU:PGY) has released an update.
Pilot Energy Limited is set to become the sole owner and operator of the Cliff Head Carbon Storage Project and associated oil field, prompting a strategic relocation of its headquarters from Sydney to Perth. The move comes with a corporate reshuffle, as the company recruits a new Perth-based COO and CFO with extensive project experience, and Executive Chairman Brad Lingo takes on the additional role of Managing Director. These changes align with the company’s transition from planning to execution phase of its carbon storage and clean energy projects, with completion of preliminary planning expected by May 2024.
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