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.
Hancock Energy, part of Gina Rinehart's Hancock Prospecting, owns half of Senex Energy in Queensland and acquired Perth Basin gas company Warrego Energy in 2023.
