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How Pilot Energy Is Financing Its $4.5M PRRT Refund Ahead of Decommissioning
12:02pm on Thursday 31st of July, 2025 AEST
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Energy
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How Pilot Energy Is Financing Its $4.5M PRRT Refund Ahead of Decommissioning
12:02pm on Thursday 31st of July, 2025 AEST
Key Points
Secured $1.5 million unsecured debt note from private credit investors
Advance against expected $4.5 million PRRT refund for FY2025
Cliff Head Oil Field ceased production in August 2024 and is undergoing mandated decommissioning
Loan carries 15% interest and 6% establishment fee, repayable by January 2026
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