Pilot Energy Limited (AU:PGY) has released an update.
Pilot Energy Limited reports a productive quarter with successful oil sales from the Cliff Head Joint Venture, and the re-opening of shut-in wells, signaling a positive outlook for future production and CO2 storage operations. The company also highlights the potential of its wholly-owned WA 481-P permit, which contains significant gas and oil prospects, including the Leander Complex with an estimated 450 Bcf of gas and nearby oil resources totaling 41 million barrels. Pilot Energy’s operations underscore its strategic position in the Perth Basin and its commitment to exploring and developing energy resources.
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