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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 | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 760.73K | 434.04K | 394.30K | 350.15K | 251.49K | 355.61K |
| Gross Profit | 932.36K | 434.04K | 421.08K | 425.76K | 313.15K | 340.88K |
| EBITDA | -4.11M | -4.09M | -4.25M | -2.67M | -3.17M | -1.21M |
| Net Income | -5.49M | -4.82M | -4.19M | -2.71M | -3.83M | -889.00K |
Balance Sheet | ||||||
| Total Assets | 25.51M | 23.52M | 15.99M | 12.26M | 11.99M | 158.99K |
| Cash, Cash Equivalents and Short-Term Investments | 1.34M | 3.80M | 1.66M | 2.02M | 5.46M | 7.32K |
| Total Debt | 9.83M | 5.87M | 3.05M | 250.91K | 34.08K | 120.86K |
| Total Liabilities | 15.09M | 8.46M | 3.95M | 1.81M | 920.27K | 1.31M |
| Stockholders Equity | 10.43M | 15.05M | 12.04M | 10.45M | 11.07M | -1.16M |
Cash Flow | ||||||
| Free Cash Flow | -7.55M | -4.47M | -5.04M | -3.24M | -4.11M | -223.85K |
| Operating Cash Flow | -5.27M | -3.90M | -2.79M | -2.63M | -3.19M | -223.85K |
| Investing Cash Flow | -7.35M | -3.87M | -4.79M | -2.40M | -973.96K | 0.00 |
| Financing Cash Flow | 12.01M | 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 |
|---|---|---|---|---|---|---|---|
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
57 Neutral | AU$18.35M | ― | -6.43% | 15.83% | ― | -257.14% | |
52 Neutral | AU$21.58M | 43.33 | 2.14% | ― | -22.76% | ― | |
48 Neutral | AU$19.25M | ― | -59.58% | ― | 4.41% | -49.06% | |
40 Underperform | AU$27.80M | ― | -14.62% | ― | ― | 58.82% | |
39 Underperform | AU$15.11M | ― | -45.97% | ― | 0.69% | -30.00% |
Pilot Energy Limited Corporate Events
Pilot Energy Limited has secured a $5.9 million PRRT refund debt financing facility from Finport Finance Pty Ltd to support the decommissioning and rehabilitation expenditures at the Cliff Head oil field. This facility allows for real-time funding of expenditures, significantly reducing the upfront financial burden on Pilot Energy and strengthening its capital position, while aligning repayments with the PRRT refund cycle.
Pilot Energy Limited has announced a strategic partnership with Kala Data to develop a modular data centre at its Arrowsmith Production Facility. This initiative aims to utilize surplus gas-fired power, generating early cash flow to support the transition of the Cliff Head oil field to carbon storage. The initial deployment will see a 1 MW data centre installed in early 2026, with plans to expand to 4 MW by mid-2026 and potentially up to 30 MW. This project positions Pilot Energy as a pioneer in establishing one of Western Australia’s first green data centres, integrating gas-fired generation, solar developments, and future carbon storage.
Pilot Energy Limited has announced the issuance of new unquoted securities, specifically convertible notes, as part of their financial operations. This move may impact the company’s financial structure and could influence its market positioning, potentially affecting stakeholders by altering the company’s capital strategy.
Pilot Energy Limited has released an investor presentation highlighting its current operations and future plans. The presentation emphasizes the company’s focus on petroleum and CO2 storage resources, while addressing the inherent risks and uncertainties in the industry. The announcement underscores the company’s commitment to transparency and regulatory compliance, with insights into its strategic objectives and potential market impacts.
Pilot Energy Limited has received a Petroleum Resource Rent Tax refund of approximately A$3.9 million through its joint venture with Triangle Energy Operations Pty. Ltd. This refund is related to abandonment, decommissioning, and rehabilitation expenditures following the cessation of oil production at the Cliff Head Oil Field. The company expects additional refunds of up to A$600,000, which will also be paid entirely to Pilot Energy. The refunds are part of ongoing efforts to transition the Cliff Head Oil Field to a carbon capture and storage project, potentially enhancing Pilot Energy’s financial stability and operational capabilities in the clean energy sector.
Pilot Energy Limited has made significant strides in transitioning its operations at the Cliff Head Oil Field towards carbon storage, while maintaining regulatory compliance for potential decommissioning. The company has increased its prospective resources in WA-481P and secured a PRRT tax refund, enhancing liquidity for its Mid West Clean Energy Project. Additionally, Pilot has completed the first stage of acquiring the Cliff Head JV assets and received a proposal from a foreign enterprise for a minority interest in its carbon storage project. The company also raised $6.8 million in capital to support its operations and strategic initiatives.
Pilot Energy Limited has secured a $1.5 million debt note from private credit investors to maintain cash flow ahead of a $4.5 million PRRT tax refund related to the Cliff Head Oil Field. This financial maneuver is part of the company’s strategy to manage abandonment, decommissioning, and rehabilitation expenditures as it transitions the Cliff Head Oil Field into a CO2 storage site under the Mid West Clean Energy Project. The refund is based on 40% of the total ADRE paid by the Cliff Head JV parties, with the company exploring further funding options to support ongoing ADRE activities.
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.