Past year: ▲ 800%(0.30c – 10.0c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
9 Dec 2025drilling progress report● NeutralMajor
Pilot says the WA-481-P farmout is well advanced, with farminee offers closing before end December. Seismic timing is dropped: no 2026 crews are available, so the Eureka 3D survey and Leander drilling timing will be set in farmout talks. Pilot calls Leander drill-ready.
31 Oct 2025quarterly activities report▼ BadMajor
September 2025 quarter report discloses the foreign state-owned enterprise, which had signed a non-binding heads of agreement for 20% of Cliff Head CCS, has ended negotiations. Also covers the Kala data centre deal, Finport facility and a planned December storage amendment filing.
30 Oct 2025debt financing▲ Good
First drawdown of $957,438 under the $5.9m Finport PRRT facility, covering 100% of refundable spending since 1 July 2025. A further PRRT refund of about $590k from other joint venture parties is expected within 30 days.
21 Oct 2025regulatory community update▲ GoodMajor
Regulator NOPSEMA approves the Eureka 3D seismic survey (minimum 400 km2) over the Leander gas prospect in WA-481-P. Pilot says the farmout shortlist is concluded and it aims for a preferred partner before year end. Advances the farmout begun in July.
17 Oct 2025debt financing▲ GoodMajor
Pilot secures a $5.9m PRRT refund financing facility from Finport, available to 31 August 2027, funding 40% of ongoing Cliff Head decommissioning spending as incurred. Repaid from annual PRRT refunds. Pilot and Royal Energy are guarantors. Follows the $3.9m refund received in August.
16 Oct 2025joint venture update▲ GoodMajor
Pilot forms a 50:50 data centre joint venture with Kala Data at the Arrowsmith plant, using surplus gas-fired power. A 1 MW unit is planned for early 2026, expanding to 4 MW. Kala funds capital; Pilot's share is about 38m shares at 2.0 cents, issued after commissioning.
10 Sept 2025investor presentation● Neutral
Good Oil conference presentation repeating the corporate overview, disclaimers and highlights. Visible text shows no new information.
19 Aug 2025other▲ GoodMajor
Pilot receives a $3,887,357 PRRT refund, the full amount claimed for Cliff Head decommissioning costs, paid to Pilot under the Triangle agreement. Up to $600k more is expected from other joint venture parties. Supports the earlier $1.5m advance against this refund.
31 July 2025debt financing● NeutralMajor
Pilot secures a $1.5m unsecured debt note from private credit investors, an advance on a claimed $4.5m PRRT tax refund. 6% establishment fee and 15% interest, repayable by 25 January 2026. Adds short-term cash to a company with a $12.9m working capital deficit.
24 July 2025investor presentation● Neutral
Investor day presentation (JMM & Alpine Capital, Noosa) restating the Cliff Head carbon storage strategy and board. Visible text shows only disclaimers, highlights and shareholder breakdown; no new information identified.
24 July 2025security holder rights change● Neutral
210,412,875 listed $0.033 options (PGYO) expire 25 August 2025. Pilot says they are substantially out of the money, so no personal notices will be sent. Quotation ceases 19 August. Administrative.
23 July 2025farm in farm out agreement▲ GoodMajor
Pilot starts the formal farmout of WA-481-P (100%, 8,605 km2) to find a partner to drill the Leander gas prospect, 1,116 Bcf prospective (unproven). It reports strong interest in the teaser and expects a process of a few months.
18 July 2025investor presentation● Neutral
Presentation by the Managing Director at the Carbon Capture APAC Summit on the Cliff Head Carbon Storage Project. Only the cover and disclaimers are visible, so no new information can be identified.
2 July 2025debt financing● Neutral
Pilot issues $600,000 of convertible notes under the $1.8m Discovery facility approved on 4 June. A wrong reference in the agreement was fixed through a restated terms sheet, with no change to the approved number of securities.
24 June 2025material agreement● NeutralMajor
Triangle confirms binding documents signed for sale of the Cliff Head onshore assets to Pilot, for a $5.563m secured note due 30 September 2026 at 10% interest. Pilot also agrees to use 30% of any Three Springs Solar sale proceeds to pay the note. Offshore transfer awaits.
24 June 2025asset acquisition disposition▲ GoodMajor
Pilot completes stage one of the Cliff Head purchase from Triangle and now owns all onshore assets, including the Arrowsmith plant and land. Offshore assets still need a NOPTA transfer request. This clears the way for Korean consortium and state-owned partners.
13 June 2025half year report▼ Bad
Half-year to 31 March 2025: loss $2.55m and a working capital deficit of $12.9m (September 2024: $0.8m). Subsequent events include exercising a $4.5m land purchase option and amending older notes to a $0.015 conversion price, maturing 31 December 2026.
12 June 2025capital raising announcement● Neutral
Pilot notes the 16 April cleansing prospectus offer closed today. The prospectus was a compliance document that lets placement securities be resold freely. Administrative, no new information.
12 May 2025debt financing● NeutralMajor
Pilot signs a binding $1.8m convertible note deal led by Discovery Investments (chair Greg Columbus leads the syndicate), with $750k advanced now. It replaces the $1.8m Powerhouse/1Stock notes that 1Stock failed to fund, now terminated. Issue needs shareholder approval.
1 May 2025regulatory community update▲ Good
Regulator NOPSEMA has closed three of five directions (1, 2 and 5a) securing Cliff Head wells, facilities and pipelines after oil production stopped in 2024. Inspections found pipeline integrity intact, supporting later reuse for CO2 storage. Remaining directions continue.
16 Apr 2025capital raising announcement▲ GoodMajor
Pilot raises $5.0m by placing 500m shares at $0.010 with 1-for-1 $0.033 options. Tranche 1 is 324.4m shares; tranche 2 needs approval at a 4 June meeting. Directors take $455k. Pilot says it is now adequately capitalised, and mentions a non-binding approach from a foreign state-owned company for a Cliff Head CCS stake.
What it means for a shareholder
500m new shares at A$0.010 to raise about A$5.0m. That's 23% dilution: every existing holder's slice gets 23% smaller. If you held A$1,000 of shares (100,000 at the issue price), your slice goes from 0.00603% to 0.00463% of the company. To keep it you'd need 30,145 more shares - about A$301 at the issue price.
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16 Apr 2025listing compliance notice▲ Good
ASX said Pilot's trading suspension would be lifted immediately after it announced its equity capital raising. The raise enables Pilot to complete the acquisition of the Cliff Head project from Triangle Energy.
16 Apr 2025capital raising announcement● Neutral
Cleansing prospectus for the placement, offering only 10,000 shares at $0.01 and 10,000 options at $0.033 (expiring 13 December 2026). It exists to remove resale restrictions on placement securities. Administrative.
What it means for a shareholder
10,000 new shares at A$0.010 to raise about A$100. That's 0.000603% dilution: every existing holder's slice gets 0.000603% smaller. If you held A$1,000 of shares (100,000 at the issue price), your slice goes from 0.00603% to 0.00603% of the company. To keep it you'd need 1 more shares - about A$0 at the issue price.
Create a free account to see this worked out for your own holding.
14 Apr 2025investor presentation● Neutral
April 2025 corporate presentation, 'Pathway to Value Creation'. It restates known figures: Cliff Head storage 72 Mt (2C), Leander 1,116 Bcf, and the new board led by Greg Columbus. No new information is visible in the readable text.
11 Apr 2025listing compliance notice● Neutral
Pilot asks to extend its voluntary suspension again, to 16 April 2025, citing recent market volatility that stops it running the raise on its earlier timetable. It expects to announce completion of the raise by then.
10 Apr 2025admin correction● Neutral
At ASX's request, Pilot re-issues its 1 April WA-481-P announcement. It adds missing support for the older contingent resource figures (reported 2017 and 2021), fixes how Xanadu is cited, and explains how totals are summed. No new resource numbers.
9 Apr 2025listing compliance notice● Neutral
ASX's general list of entities suspended over three months, with their outstanding reports and removal deadlines. Pilot's entry is not visible in the readable text, so it adds nothing specific to Pilot's story.
1 Apr 2025resource reserve update▲ GoodMajor
Pilot lifts the Leander gas prospect in WA-481-P to 1,116 Bcf mean prospective resource, up from 450 Bcf, and oil prospects to 66 mmbbl from 40.6. These are unproven prospects, not discoveries. A farm-out to find partners is to start shortly.
1 Apr 2025listing compliance notice● Neutral
Pilot asks ASX to extend its voluntary suspension to 14 April 2025, because the share raising slipped past 28 March while Triangle talks were being finalised. The board says trading now could prejudice the raise.
31 Mar 2025director officer appointment▲ GoodMajor
Greg Columbus becomes Non-Executive Chairman from 31 March 2025, with 30+ years in energy and past chair roles at Warrego Energy and Talon Energy. Brad Lingo moves from Executive Chairman to Managing Director only.
