The failure of Cliff Head's owners, Pilot Energy and Triangle Energy, to meet payroll does not bode well for their ability to pay the $200 million decommissioning cost.
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.
Gina Rinehart, heir to her father Lang Hancock's iron ore royalty stream, owns Hancock Prospecting, which has significant mining and agricultural interests, particularly in iron ore. She is a major supporter of the Australian right-wing political groups.
