Brief: Triangle Energy (Global) Says Pilot To Acquire Triangle’S Interest In Cliff Head Oilfield JV

Triangle Energy (Global)

27/07/2023 02:29

July 27 (Reuters) - Pilot Energy Ltd  PGY.AX :
    * PILOT TO ACQUIRE TRIANGLE’S INTEREST IN CLIFF HEAD
OILFIELD JV
    * TRIANGLE TO RECEIVE STAGED CONSIDERATION PAYMENTS
COMPRISING
A$3M AND A$4.5M CASH MILESTONE PAYMENTS FROM PILOT, PLUS
ROYALTIES
    * TRIANGLE RETAINS EXPOSURE TO THE CCS PROJECT THROUGH
ROYALTY

Source text for Eikon:  ID:nASXbCWwl1 
Further company coverage:  PGY.AX 

 ((Reuters.Briefs@thomsonreuters.com;))