InvestSMART

Pilot Energy Limited (ASX:PGY)

ALERT: Price-sensitive ASX Announcement for PGY
Current share price for PGY : $0.054 0.05 (1,100%)+
Announcement
Release
9 Dec 2025 9:55AM
Price at Release
$0.005
Full Release
download
Summary
Pilot Energy Limited provided an update on the WA-481-P offshore gas exploration project in the North Perth Basin. This project includes the farmout process for joint venture partners, focusing on the Leander Gas Prospect, which is part of the Kingia Gas Fairway. The Leander Prospect has a forecasted 1.1 TCF of recoverable gas. Due to the advanced farmout process and strong interest, the timing for 3D seismic acquisition and drilling depends on commercial negotiations. The company plans to develop the Leander Prospect using existing infrastructure, aiming for gas production by 2030. Environmental approval for a 3D seismic survey was recently received, with constraints limiting operations to early each year. Pilot Energy also intends to pivot towards carbon management projects and hydrogen production.
Key Points
  • Farmout process for WA-481-P is well advanced.
  • Leander Gas Prospect estimated to have 1.1 TCF of recoverable gas.
  • Seismic acquisition and drilling timing to be determined through negotiations.
  • Environmental approval received for 3D seismic survey.
  • Leander Prospect development targeting gas production by 2030.
  • Pilot Energy is transitioning towards carbon management and hydrogen projects.
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.