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Pilot Energy Limited (ASX:PGY)

ALERT: Price-sensitive ASX Announcement for PGY
Current share price for PGY : $0.054 0.049 (881.82%)+
Announcement
Release
31 Oct 2025 4:06PM
Price at Release
$0.006
Full Release
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Summary
Pilot Energy Limited reported on its quarterly activities and financial performance for the period ending 30 September 2025. Key highlights include the completion of the WA-481P farmout process for exploration joint ventures in the Perth Basin, obtaining environmental approvals for the Eureka 3D seismic survey over the Leander Gas Prospect, and a joint venture with Kala Data to develop a data center at the Arrowsmith Production Facility. The company secured a $5.9 million debt financing linked to PRRT refunds and received a $3.9 million PRRT refund. They issued $1.8 million in convertible notes and secured a $1.5 million debt note to support cash flow. In operational activities, the focus was on the Cliff Head Carbon Storage Project with significant regulatory engagement, aiming to increase storage and injection capacities. Financially, the company reported financing activities including proceeds from equity and convertible debt securities, and loans, concluding with a cash balance of $1.31 million.
Key Points
  • WA-481P farmout process completed for exploration joint ventures
  • Environmental approval obtained for Eureka 3D seismic survey
  • Mid West Data Centre JV agreement with Kala Data for Arrowsmith facility
  • Secured $5.9 million Finport Capital debt financing linked to PRRT refunds
  • Received $3.9 million PRRT refund through Cliff Head Oil JV
  • Issued $1.8 million in convertible notes under Discovery Investments facility
  • Secured $1.5 million debt note to support cash flow
  • Focused regulatory engagement for Cliff Head Carbon Storage Project
  • Net cash from operating activities showed a deficit of $1.614 million
  • Cash and cash equivalents at quarter end were $1.31 million
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.