Triangle Energy (Global) Ltd MD Conrad Todd tells Proactive the company is selling the remainder of the Cliff Head Joint Venture (CHJV) encompassing the proposed Cliff Head Carbon Capture and Storage Project (CH CCS Project) to Pilot Energy (ASX:PGY) Ltd. Todd says as a result of this deal, Triangle’s improved balance sheet will allow it to focus on existing and new projects including the upcoming Perth Basin drilling program.
Triangle Energy says value of Pilot Energy deal exceeds its market cap
