Gas producers face $200m ocean clean-up bill after Pilot Energy enters administration
Pilot Energy and Triangle Energy - two listed minnows with no revenue - may struggle to afford to decommission the Cliff Head platform off the WA coast.
ASIC is Australia's national regulator of companies, markets and financial services.
Santos' decommissioning liability matches a quarter of its $22b value, but its disclosures to investors fared poorly against the latest accounting standards, according to an international survey.
A company with less than $5 million in the bank and a boss who lives in the US will soon get a red or green light from WA's environment watchdog.
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