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<WIRE> Triangle Energy (ASX:PGY) to Acquire Triangle’s Interest in Cliff Head Oilfield JV



July 27 (Reuters) - Pilot Energy Ltd:

Pilot Energy Ltd (ASX:PGY) has announced plans to acquire Triangle Energy’s interest in the Cliff Head Oilfield JV.

Under the agreement, Triangle Energy will receive staged consideration payments, including A$3 million and A$4.5 million in cash milestone payments from Pilot Energy. Triangle Energy will also retain exposure to the CCS project through royalties.

Further company coverage: Pilot Energy Ltd (ASX:PGY)

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