Pilot Energy has received confirmation that the Western Australian Department of Mines, Industry, Regulation and Safety (DMIRS) has approved amendments to the minimum work commitments and durations of its South West oil and gas tenements.
The amendments have the effect of extending the time to complete near term activities, with EP480 permit being extended until 2024.
Pilot has agreed to complete an additional 60km of 2D seismic inversion processing as an above commitment activity.
Path Investments plc (LON:PATH) is an energy investment company, and is focused on making investments in the energy sector on a global basis. The company seeks to create value for its shareholders through acquisitions, joint ventures or direct interests in energy businesses or associated projects.