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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 |
| EBITDA | -4.09M | -4.25M | -2.67M | -3.17M | -1.21M |
| Net Income | -4.82M | -4.19M | -2.71M | -3.83M | -889.00K |
Balance Sheet | |||||
| Total Assets | 23.52M | 15.99M | 12.26M | 11.99M | 158.99K |
| Cash, Cash Equivalents and Short-Term Investments | 3.80M | 1.66M | 2.02M | 5.46M | 7.32K |
| Total Debt | 5.87M | 3.05M | 250.91K | 34.08K | 120.86K |
| 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 Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $15.31B | 9.95 | 6.59% | 5.33% | 4.37% | -68.95% | |
39 Underperform | AU$23.75M | ― | -45.97% | ― | 0.69% | -30.00% | |
| ― | $10.22M | ― | -71.83% | ― | ― | ― | |
| ― | $11.17M | ― | -65.98% | ― | ― | ― | |
| ― | $15.63M | ― | -21.37% | ― | ― | ― | |
| ― | $14.06M | ― | -2.53% | 738.46% | ― | ― | |
| ― | €8.81M | ― | -7.71% | 17.09% | ― | ― |
Pilot Energy Limited Corporate Events
Pilot Energy Limited announced that 210,412,875 quoted options, exercisable at $0.033, will expire on August 25, 2025, and are currently ‘out of the money.’ Consequently, the company will not send personalized notices to option holders as per ASX Listing Rules. If the market price of the company’s shares exceeds the exercise price before the expiry date, an option expiry notice will be dispatched.
Pilot Energy Limited has released a corporate presentation that outlines its current operations and strategic direction. The presentation includes forward-looking statements about the company’s financial condition, results of operations, and business strategies, emphasizing the speculative nature of such forecasts due to various risks and uncertainties. The company advises potential investors to conduct independent evaluations and consult professional advisors before making investment decisions.
Pilot Energy Limited has initiated a formal farmout process to seek joint venture partners for its WA-481P exploration permit in the offshore Perth Basin. The permit holds significant gas potential, including the ready-to-drill Leander Gas Prospect, which is estimated to contain 1.1 TCF of gas resources. This strategic move aims to fast-track development and supply the Western Australia domestic gas market, aligning with the growing demand for gas to support renewable energy growth. The company’s recent acquisition of production infrastructure further enhances its ability to quickly commercialize any exploration success.
Pilot Energy Limited announced its participation in the Carbon Capture APAC Summit in Melbourne, where it presented its plans for the Cliff Head Carbon Storage Project. This initiative aims to provide a low-cost carbon emissions solution by transitioning the Cliff Head Oil field to a CO2 storage facility. This strategic move is expected to enhance Pilot Energy’s position in the clean energy sector and potentially impact stakeholders by advancing carbon management solutions in the region.
Pilot Energy Limited has issued $600,000 in convertible notes to sophisticated investors as part of a $1.8 million facility with Discovery Investments Pty Ltd. This move, approved by shareholders, included correcting an unintended reference in the facility agreement. The issuance of these notes underlines Pilot’s strategic financial maneuvers to support its transition towards clean energy projects, potentially impacting its market positioning and stakeholder interests.
Pilot Energy Limited has completed the first stage of acquiring the Cliff Head Oil Joint Venture from Triangle Energy, gaining full ownership of onshore assets and facilities. This acquisition marks a significant milestone for Pilot as it facilitates the entry of new joint venture partners into the Cliff Head Carbon Storage Project, positioning the company to capitalize on the growing carbon storage market. The company is in discussions with a consortium of Korean companies and a foreign state-owned enterprise to participate in the project, enhancing its strategic positioning in the carbon capture and storage industry.
Triangle Energy has finalized the sale of its Cliff Head onshore assets to Pilot Energy, marking a strategic shift to focus on oil and gas exploration. This transaction allows Pilot to convert the facilities into a carbon dioxide sequestration project, while Triangle benefits from a secured promissory note and potential future payments, enhancing its capacity to pursue new exploration opportunities.
Pilot Energy Limited announced the resubmission of four Appendix 3Ys due to an administrative oversight regarding the date of change for Director’s Interests. The corrected date for the issuance of securities to directors is 11 June 2025. This announcement highlights Pilot’s commitment to accurate reporting and transparency, which is crucial for maintaining stakeholder trust and aligning with regulatory requirements.
Pilot Energy Limited announced a significant change in the interest holdings of its director, Gregory Columbus. On June 4, 2025, Columbus acquired 25,000,000 fully paid ordinary shares and 25,000,000 listed options, reflecting a strategic move to strengthen his stake in the company. This development could potentially impact the company’s market position and shareholder dynamics, as it indicates increased confidence in the company’s future prospects.
Pilot Energy Limited announced a change in the director’s interest, with Bradley Lingo acquiring 500,000 fully paid ordinary shares and 500,000 listed options. This change reflects an increase in the director’s stake in the company, potentially indicating confidence in the company’s future prospects.
Pilot Energy Limited has announced a change in the director’s interest, specifically involving Natalie Wallace. The change involves the acquisition of 5,000,000 fully paid ordinary shares and 5,000,000 listed options by the NRW Superannuation Fund, of which Natalie Wallace is a beneficiary. This transaction, conducted at $0.01 per ordinary share, reflects an adjustment in the director’s indirect interest in the company, potentially impacting the company’s governance and shareholder dynamics.
Pilot Energy Limited announced a change in the director’s interest, with Alexander Sundich acquiring an additional 15,000,000 fully paid ordinary shares and 15,000,000 options. This acquisition, executed under Listing Rule 10.11, increases Sundich’s holdings significantly, potentially impacting the company’s governance and strategic direction.
Pilot Energy Limited has released its interim financial report for the half-year ending March 31, 2025. The report includes consolidated financial statements and declarations from directors, highlighting the company’s financial performance and position. This release provides stakeholders with insights into the company’s financial health and operational outcomes for the period, which could influence future business strategies and investor decisions.
Pilot Energy Limited announced the closure of an offer under a Prospectus filed with the ASX, which was intended to facilitate the secondary trading of certain securities without disclosure under the Corporations Act. This move marks a significant step in Pilot’s transition towards clean energy projects, potentially impacting its operations and positioning within the industry.
Pilot Energy Limited has announced the quotation of 175,585,000 ordinary fully paid securities and 500,000,000 options expiring in December 2026. This move is part of previously announced transactions and is expected to enhance the company’s market presence and provide additional capital for its ongoing projects.
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.