US company 8 Rivers capital will make the investment via cash and payment in kind, Pilot said today and in return secures ammonia offtake of 172,000 tonnes per annum.
PILOT Energy has signed a non-binding memorandum of understanding worth $1 million for investment into its planned Mid West energy project, several hours north of Perth and close to its oil and gas acreage.
US company 8 Rivers capital will make the investment via cash and payment in kind, Pilot said today and in return secures ammonia offtake of 172,000 tonnes per annum.