MARKETS

Triangle and Pilot's microcap spat

THE unexpected news that Pilot was cancelling Triangle Energy's move on its WA-481-P permit and would no longer develop its ambitious offshore wind and carbon capture and storage project within the Cliff Head permit came as news to the latter Tuesday.

The Cliff Head Alpha platform

The Cliff Head Alpha platform

Earlier this week Pilot told the market it had cancelled the plans and retained 100% of the permit (it doesn't; Key Petroleum still holds 40%) and the project and 50% of Triangle Offshore Energy. ...

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