Pilot Energy secures A$25m LDA Capital facility to accelerate carbon storage and data centre push

Pilot Energy Limited ( (AU:PGY) ) has provided an update.

Pilot Energy has secured a A$25 million institutional equity subscription facility from U.S. alternative investment firm LDA Capital, giving the company discretion to draw down funds via put options over a three-year term through calendar year 2028. The low-cost facility, which includes a 2% fee and the issue of share options to LDA, is designed to reduce funding risk and support Pilot’s shift from traditional oil and gas towards carbon storage and clean energy projects.

The company expects the funding arrangement to fast-track both its Cliff Head Carbon Storage Project and its expanded data centre ventures with partner Kala Data, underpinning early-stage development and potential cash flow from these growth initiatives. By bolstering its capital position with flexible institutional backing, Pilot aims to strengthen its role in Australia’s emerging carbon management and clean energy infrastructure market while adding a new digital infrastructure leg to its portfolio.

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 Australian oil and gas exploration and production company transitioning towards carbon management, hydrogen and clean ammonia projects targeting emerging Asia-Pacific clean energy markets. The company plans to repurpose its Cliff Head oil field and related offshore Western Australia infrastructure into what it aims to be Australia’s first offshore CO2 storage project, while also advancing broader Mid West Clean Energy initiatives.

Average Trading Volume: 199,198

Technical Sentiment Signal: Sell

Current Market Cap: A$8.63M

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