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Pilot Energy Limited
(Sydney:PGY)
Pilot Energy Limited (PGY) vs. iShares MSCI Australia ETF (EWA)
Pilot Energy Limited Business Overview & Revenue Model
Pilot Energy Limited Financial Statement Overview
| Breakdown | ||||
| Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 434.04K | 394.30K | 350.15K | 251.49K | 355.61K | Gross Profit |
| 434.04K | 421.08K | 425.76K | 313.15K | 340.88K | EBIT |
| -5.74M | -3.73M | -3.40M | -3.25M | -1.24M | EBITDA |
| -5.39M | -4.25M | -3.33M | -3.17M | -1.21M | Net Income Common Stockholders |
| -4.82M | -4.19M | -2.71M | -3.83M | -889.39K |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 3.80M | 1.66M | 2.02M | 5.46M | 7.32K | Total Assets |
| 23.52M | 15.99M | 12.26M | 11.99M | 158.99K | Total Debt |
| 5.87M | 3.05M | 250.91K | 34.08K | 120.86K | Net Debt |
| 2.07M | 1.38M | -1.76M | -5.42M | 113.55K | Total Liabilities |
| 8.46M | 3.95M | 1.81M | 920.27K | 1.31M | Stockholders Equity |
| 15.05M | 12.04M | 10.45M | 11.07M | -1.16M |
| Cash Flow | Free Cash Flow | |||
| -5.40M | -5.04M | -3.24M | -4.11M | -223.85K | Operating Cash Flow |
| -3.90M | -2.79M | -2.63M | -3.19M | -223.85K | Investing Cash Flow |
| -3.87M | -4.79M | -2.40M | -973.96K | 0.00 | Financing Cash Flow |
| 9.92M | 7.22M | 1.59M | 9.61M | 142.50K |
Pilot Energy Limited Technical Analysis
Pilot Energy Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | AU$18.32B | 12.94 | 14.75% | 5.46% | 8.09% | -13.99% | |
63 Neutral | AU$21.32B | 11.49 | 7.94% | 5.31% | -7.99% | -12.27% | |
57 Neutral | $7.22B | 3.15 | -4.49% | 5.63% | 0.82% | -49.15% | |
56 Neutral | $3.03B | 32.92 | 2.70% | 3.83% | 6.43% | ― | |
47 Neutral | $196.80M | 19.30 | 3.89% | ― | ― | ― | |
39 Underperform | AU$11.90M | ― | -35.55% | ― | 10.08% | 25.00% |
Pilot Energy Limited Corporate Events
Pilot Energy Limited announced that all resolutions were passed at their Extraordinary General Meeting, indicating strong shareholder support for the company’s strategic initiatives. This development is a positive step for Pilot Energy as it continues to diversify its operations and strengthen its position in the clean energy sector.
Pilot Energy Limited has announced an additional resolution to be considered at its upcoming General Meeting of Shareholders. The resolution seeks approval for the issuance of convertible notes to Discovery Investments Pty Ltd and a group of sophisticated investors, with a total face value of up to $1.8 million. This move is aimed at raising capital through convertible notes, which can be converted into shares, potentially impacting the company’s financial structure and shareholder composition.
Pilot Energy Limited announced a proposed issue of securities, specifically convertible notes, with a planned issue date of June 11, 2025. This move is part of the company’s strategic efforts to raise capital, which could impact its operational capabilities and market positioning by potentially increasing its financial resources for future projects.
Pilot Energy Limited has secured a convertible note funding arrangement worth up to $1.8 million with a syndicate of sophisticated investors led by Discovery Investments Pty Ltd. This funding will support the company’s transition of the Cliff Head facilities from oil production to carbon injection and storage, a key component of its flagship Mid West Clean Energy Project. The agreement replaces a previous funding arrangement with 1Stock Limited, which failed to materialize, and highlights Pilot’s ongoing efforts to diversify and transition its operations towards clean energy solutions.
Pilot Energy Limited has announced a General Meeting for its shareholders, scheduled for June 4, 2025, at RSM Australia’s offices in Perth. This meeting is crucial as it impacts shareholder interests, and the company encourages participation either in person or via proxy. Shareholders are invited to submit questions in advance to ensure a comprehensive discussion, although not all queries may be addressed during the meeting.
Pilot Energy Limited has successfully completed key maintenance and operational activities at the Cliff Head Oil Field, as mandated by NOPSEMA’s General Directive 1947. These efforts include securing wells, facilities, and pipelines, as well as conducting extensive inspections and marine growth removal. The company is also progressing towards repurposing the site for carbon storage, indicating a strategic shift in operations to capture new revenue streams and ensure regulatory compliance. This transition may enhance Pilot’s industry positioning by aligning with sustainable energy practices, potentially impacting stakeholders by opening new business opportunities.
Pilot Energy Limited has announced significant developments in its operations, including a board renewal with the appointment of new directors and a major increase in prospective resources at the WA-481P permit. The company has also revised acquisition terms for the Cliff Head Oil Joint Venture and completed a $7.4 million capital raising. Additionally, Pilot received a proposal from a foreign enterprise to acquire a minority interest in its Cliff Head Carbon Storage Project, indicating potential strategic partnerships.
Pilot Energy Limited has announced the application for the quotation of 324,415,003 ordinary fully paid securities on the Australian Securities Exchange (ASX), effective April 24, 2025. This move is part of a previously announced transaction, potentially impacting the company’s market positioning by increasing its capital base and enhancing its ability to fund future projects.
Pilot Energy Limited has issued a Cleansing Prospectus to offer 10,000 new shares at $0.01 each and 10,000 new options with an exercise price of $0.033, expiring in December 2026. This offer is aimed at removing trading restrictions on certain securities issued prior to the applicable closing date. The shares and options are considered speculative, and the offer is only available to invitees determined by the company’s directors. The prospectus is a transaction-specific document in accordance with the Corporations Act, and investors are advised to consult professional advisers before participating.
Pilot Energy Limited announced a successful capital raising of A$5.0 million through a placement to sophisticated, professional, and institutional investors, at a 100% premium to the last traded price. The funds will support corporate activities, including the Cliff Head Oil Project and other initiatives, as well as closing a transaction with a Korean consortium. The company has also restructured its arrangements with Triangle Energy and announced a resource upgrade in its WA-481-P permit, highlighting its potential in the energy sector.
Pilot Energy Limited has announced a proposed issue of securities, involving the issuance of up to 500 million ordinary fully paid shares and 500 million options expiring in December 2026. This strategic move is expected to bolster the company’s financial standing and potentially enhance its market positioning, providing stakeholders with new investment opportunities.
Pilot Energy Limited has released a corporate presentation outlining its future Cliff Head Carbon Storage Project. This initiative highlights the company’s strategic focus on carbon storage, which could significantly impact its operations and industry positioning by addressing environmental concerns and potentially offering new avenues for growth. The project underscores Pilot’s commitment to sustainability and innovation in the energy sector.
Pilot Energy Limited has issued a clarification announcement regarding its previous statement on the WA-481-P Gas Resource. The company has provided additional details to comply with ASX requirements, including clarifications on contingent resources and resource categories. These updates are intended to ensure transparency and accuracy in the reporting of their resource estimates, potentially impacting stakeholder confidence and the company’s market positioning.
Pilot Energy Limited has announced the appointment of Gregory Columbus as a director, effective March 31, 2025. Columbus holds significant interests in the company through Discovery Investments Pty Ltd, including convertible notes and ordinary shares, which may influence the company’s strategic direction and stakeholder interests.
Pilot Energy Limited has requested an extension of its voluntary suspension from the Australian Securities Exchange as it finalizes negotiations with Triangle Energy for the acquisition of the Cliff Head project. This acquisition is crucial for transitioning the project into a carbon storage operation and completing an equity capital raising offer, which is essential for the company’s financial stability and future operations.
Pilot Energy Limited has announced a significant upgrade to its prospective gas resource at the Leander Gas Prospect within the WA-481-P permit, increasing its estimate by approximately 250% to over 1 trillion cubic feet of gas. This upgrade positions Pilot to potentially supply gas for 30 years of low-carbon ammonia production at its Mid West Clean Energy Project. The company is also seeking partners through a farm-out process to fund further exploration activities, which could enhance its strategic positioning in the energy market.
Pilot Energy Limited announced the issuance of unquoted convertible notes, which are part of a previously disclosed transaction. This move is indicative of the company’s ongoing efforts to manage its financial strategy and potentially enhance its capital structure, which could impact its market positioning and stakeholder interests.
Pilot Energy Limited has appointed Mr. Greg Columbus as the new Non-Executive Chairman, effective March 31, 2025. With over 30 years of experience in the energy and oil & gas sectors, Mr. Columbus is expected to bring valuable expertise in corporate strategy and finance, which aligns with Pilot’s strategic vision of developing a large-scale, low-cost CCS and clean ammonia export business in the Perth Basin. This leadership change is seen as pivotal for Pilot as it continues to secure strategic positions and unlock the potential of its assets in Western Australia, aiming to drive value for shareholders.
Pilot Energy Limited announced the cessation of Daniel Pei Wei Chen as a director, effective March 19, 2025. This change in the board could impact the company’s strategic direction, given Chen’s significant shareholdings through entities like DVAC Holding Pty Ltd and DVAC Super Fund Pty Ltd, which collectively hold millions of shares and options in the company.
Pilot Energy Limited announced the appointment of Mr. Alexander Sundich and Ms. Natalie Wallace as non-executive directors, bringing additional capital market and energy project experience to the board. Concurrently, Mr. Daniel Chen has retired from his position as a non-executive director. These changes are part of the company’s strategy to strengthen its board and management team to support major project execution and operations, aligning with its business plans and benefiting shareholders.
Pilot Energy Limited clarified that an incorrect announcement by the ASX about the company’s suspension was retracted, confirming their compliance with ASX Listing Rules. The company remains in suspension under a different rule as previously requested, maintaining its operational focus on transitioning to clean energy projects.
Pilot Energy Limited, listed on the Australian Securities Exchange (ASX) under the ticker PGY, has announced the continuation of the suspension of its securities from quotation. This suspension, initially requested by the company in December 2024, is due to pending announcements regarding its funding and financing arrangements and the failure to lodge a relevant periodic report by the due date. The suspension will remain in place until the ASX is satisfied with PGY’s compliance with listing rules, impacting the company’s market activities and potentially affecting stakeholder confidence.