The latest announcement is out from Pilot Energy Limited ( (AU:PGY) ).
Pilot Energy Limited has requested an extension of its voluntary suspension from the Australian Securities Exchange as it finalizes negotiations with Triangle Energy for the acquisition of the Cliff Head project. This acquisition is crucial for transitioning the project into a carbon storage operation and completing an equity capital raising offer, which is essential for the company’s financial stability and future operations.
More about Pilot Energy Limited
Pilot Energy Limited operates in the energy sector, focusing on transitioning traditional energy projects into sustainable carbon storage operations. The company is engaged in acquiring and developing energy assets with a market focus on innovative energy solutions.
Average Trading Volume: 3,310,390
Technical Sentiment Signal: Buy
Current Market Cap: A$8.27M
Learn more about PGY stock on TipRanks’ Stock Analysis page.