Pilot Energy Expands with Cliff Head AcquisitioN

Pilot Energy Limited is set to acquire a 100% interest in the Cliff Head Joint Venture from Triangle Energy, with a two-stage asset transfer that accommodates regulatory approvals for the proposed Cliff Head Carbon Storage project. The deal includes upfront and conditional payments totaling $8.5 million, plus royalties on third-party revenues from the carbon storage initiative. This acquisition is part of Pilot’s strategic shift towards carbon management and clean energy projects, leveraging its oil and gas infrastructure.