It looks like PGY has almost completed decommissioning at Cliff Head , partly paid for by TEG Aug - Oct and PGY 100% since then
Wells Secured & Pipeline flushed of oil August to February 2025
• Actions towards non-production successful with facility shut-in, stable and safe.
• Directions 1 & 2 - ensure wells, facilities and pipeline secure, free of oil and risks reduced to ALARP • Completed, awaiting final acceptance and closure from NOPSEMA. •
Directions 3 to 5 - ensure ongoing appropriate steps taken after cessation of production to reduce risk to workforce and environment. Integrity management until facility re-purpose (or removal) Other Operational Regulatory achievements •
Revised Environment Plan covering Non-Production Phase accepted .
Tick off from NOPSEMA must be very close.
TEG Price at posting:
0.5¢ Sentiment: Buy Disclosure: Held
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