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Pilot Energy Limited ( (AU:PGY) ) has issued an announcement.
Pilot Energy reported a quarter of strategic repositioning built around monetising underutilised infrastructure and advancing new energy projects, highlighted by a joint venture with Kala Data to develop the Dongara Data Centre at its Arrowsmith facility. The modular data centre, powered by surplus capacity from the gas-fired generators previously serving the transitioning Cliff Head oil field, is slated to begin with a 1 MW module in March 2026 and could expand to 4 MW, positioning the site as one of Western Australia’s leading live data centres. The company also secured a joint development partner for its Three Springs hybrid solar and battery storage plus data centre project, progressed the farmout process for its WA-481P offshore Perth Basin acreage, and agreed to sell an option over land earmarked for solar development to Strike Energy. Financially, Pilot strengthened its balance sheet with PRRT and R&D refund debt facilities and, post-quarter, locked in a $3.44 million equity placement alongside a proposed share consolidation, moves that bolster funding for its growth strategy into 2026 and support its shift toward integrated energy and digital infrastructure offerings.
The most recent analyst rating on (AU:PGY) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on Pilot Energy Limited stock, see the AU:PGY Stock Forecast page.
More about Pilot Energy Limited
Pilot Energy Limited is an Australian energy company listed on the ASX that is transitioning its portfolio from traditional oil and gas assets, such as the Cliff Head oil field and Perth Basin interests, toward cleaner and more diversified energy and infrastructure projects. Its activities now span offshore exploration, renewable and hybrid power developments, and the repurposing of existing facilities into high-demand digital infrastructure, including data centres in Western Australia’s Mid West region.
Technical Sentiment Signal: Sell
Current Market Cap: A$8.68M
See more data about PGY stock on TipRanks’ Stock Analysis page.