Pilot Energy Secures Funds for Clean Energy Transition

Pilot Energy Limited (AU:PGY) has released an update.

Pilot Energy Limited has successfully secured a $3.855 million investment through a placement with sophisticated investors, intending to use the funds to acquire full ownership of the Cliff Head Project and progress its Mid West Clean Energy Project. The placement was well-received, becoming oversubscribed, with shares priced at a slight discount to attract investment. Pilot Energy’s strategy includes transitioning towards clean energy initiatives, by utilizing its existing oil and gas assets.

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