Australia's Pilot Energy rises on securing $4 mln grant for project
23/07/2024 04:14
** Shares of Pilot Energy PGY.AX climb as much as 13.9% to
A$0.021, highest level since July 17; last up 5.6%
** Stock on track for its best day since June 26, if gains
hold
** Oil and gas explorer receives A$6.5 million ($4.31
million) Commonwealth grant to support the Mid West Clean Energy
Project providing carbon capture services to the Mid West Region
of Western Australia
** Stock has fallen 30.8% this year, as of last close
($1 = 1.5069 Australian dollars)
(Reporting by Sherin Sunny in Bengaluru)
((Sherin.Sunny@thomsonreuters.com))