OPERATIONS

Pilot formally takes majority stake in Cliff Head

TRIANGLE Energy and joint venture partner Pilot Energy have formally restructured their interests in the Cliff Head oil field offshore Western Australia.

Pilot formally takes majority stake in Cliff Head

Triangle's share has decreased from 78.75% to 40% giving Pilot 60% of the field, varying both the take from oil sales and eventually decommissioning liability costs.  Pilo believes the deal unlocks...

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