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Pilot Energy Limited ( (AU:PGY) ) just unveiled an update.
Pilot Energy Limited has announced a proposed 1-for-25 consolidation of all its securities, including shares, listed and unlisted options, and convertible notes, subject to shareholder approval at a general meeting on 24 February 2026 and subsequent ASX confirmation. The consolidation aims to create a more appropriate capital structure, lift the company’s nominal share price and enhance its appeal to a broader investor base, particularly institutional investors, without materially altering individual shareholders’ proportional holdings aside from minor rounding adjustments, with an indicative timetable running from late February to early March 2026 for the transition to post-consolidation trading.
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 a junior oil and gas exploration and production company that is diversifying into carbon management, hydrogen and clean ammonia projects targeting emerging Asia-Pacific clean energy markets. The company plans to repurpose its existing oil and gas infrastructure, including converting the Cliff Head Oil field into what it aims to be Australia’s first offshore carbon storage project, and holds significant interests in the Offshore Perth Basin, Western Australia.
Technical Sentiment Signal: Sell
Current Market Cap: A$8.68M
Find detailed analytics on PGY stock on TipRanks’ Stock Analysis page.