Past year: ▲ 800%(0.30c – 10.0c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
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.
28 Mar 2025material agreement● Neutral
Triangle, the seller, confirms a binding term sheet moving Pilot's Cliff Head completion to 30 September 2026. Price stays about A$5.6m plus 10% interest, paid via a secured note. It is conditional on Pilot raising at least $5m net and being reinstated to trading.
28 Mar 2025farm in farm out agreement▲ GoodMajor
Pilot and Triangle agree revised Cliff Head terms, settling the unagreed restructure from February. The $5.563m for the onshore assets becomes a secured note due 30 September 2026, 10% interest from 30 June 2025, plus $167k on 31 August 2025. Offshore transfer still needs NOPTA approval.
20 Mar 2025director officer appointment● Neutral
Non-executive director Daniel Chen retired effective 19 March 2025, having joined in mid-2020. The board is now Executive Chairman Brad Lingo plus Sundich and Wallace; Pilot says it will further strengthen the board and management.
17 Mar 2025listing compliance notice● Neutral
ASX announced Pilot's suspension would continue under Listing Rule 17.5 for a late periodic report. This was issued in error and withdrawn the same day (see the amended notice).
17 Mar 2025admin correction● Neutral
Pilot says ASX wrongly announced a suspension for late reporting and then retracted it. It notes it lodged its quarterly report on 31 January 2025 and remains in voluntary suspension.
17 Mar 2025admin correction● Neutral
ASX corrected its earlier notice: Pilot was inadvertently suspended under Listing Rule 17.5. The suspension continues under the voluntary Listing Rule 17.2 request of 5 March 2025.
5 Mar 2025capital raising announcement● NeutralMajor
Pilot extends its suspension to 5 April 2025 or until a raising is announced. It plans a $7–8m share placement led by Alpine Capital, in two tranches, first settling by 28 March and second (needing shareholder approval) in May. Triangle talks remain unresolved; price not given.
4 Mar 2025price query▼ Bad
In a second ASX response, Pilot says earlier quarterly reports did not name South32, the terms sheet was signed 25 September 2024, and South32 provides no funding, only internal resources. This qualifies its earlier claim that the study had been disclosed.
26 Feb 2025price query● Neutral
Responding to an ASX query, Pilot says the South32 study is non-binding, grant-funded, has a one-year term, and is not price-sensitive. It says the study was earlier mentioned in quarterly reports and began in February 2025.
21 Feb 2025material agreement▲ GoodMajor
Pilot and South32 Worsley Alumina agreed to study capturing and storing up to about 700,000 tonnes a year of CO2 at Cliff Head, with Chiyoda and Knutsen NYK. Completion is expected Q3 2025, funded from the $6.5m grant. It is a first named emitter link, but only a study.
18 Feb 2025asset acquisition disposition▼ BadMajor
Pilot is in talks with Triangle to restructure the Cliff Head purchase, having not made the scheduled acquisition payments. It has funded about $5.7m of Cliff Head costs since 1 August 2024 and paid Triangle $400k. Recapitalisation talks remain incomplete and shares stay suspended.
14 Feb 2025director officer appointment● Neutral
Non-executive director Bruce Gordon retired from the board effective 12 February 2025, as foreshadowed in December. Management and the board have visited the Cliff Head and Arrowsmith sites.
12 Feb 2025investor presentation● Neutral
AGM presentation by the Chairman and Managing Director. The visible text is only disclaimers, the competent person statement and the ASX renewable-activity reporting conditions; no new information is visible (text truncated).
10 Feb 2025agm notice● Neutral
Notice of livestream arrangements for the 12 February 2025 AGM. Viewing only, with no questions or voting online; proxy voting has closed. Administrative.
7 Feb 2025director officer appointment● Neutral
Alexander Sundich (Bridge Street Capital, about 4.7% holder) and Natalie Wallace joined the board as non-executive directors from 4 February 2025, completing the board renewal foreshadowed in December 2024.
5 Feb 2025listing compliance notice▼ Bad
Pilot asks to extend its trading suspension to 5 March 2025, or until a capital raising announcement. Talks with an existing investor on a package to complete the Cliff Head purchase are incomplete. Pilot says it has funded about $4.2m of Cliff Head costs since August 2024 and paid Triangle $0.4m.
31 Jan 2025quarterly activities report● Neutral
December quarter report restates the Cliff Head 2C storage resource rise 58% to 72.2 Mt, the Capture6 demo deal, the $6.3m raised ($3.9m placement, $2.4m notes) and Korean consortium support. No new result; Cliff Head purchase still unfinished. Text is truncated, so cash figures are not visible.
23 Jan 2025capital raising announcement● NeutralMajor
Pilot received $1.805m from two investors for convertible notes on the same terms as earlier issues (12% interest, $0.02 conversion, December 2027 maturity). Issue depends on placement capacity after the 12 February 2025 AGM. Funds support Cliff Head operations; the Triangle purchase is not mentioned.
16 Jan 2025joint venture update● NeutralMajor
Pilot and KOSPO signed a non-binding Project Framework Agreement. It sets a FEED tender (responses by 15 March 2025), a Korean independent study, and an effort to sign a project development agreement by 30 June 2025. This pushes the earlier year-end 2024 target back.
8 Jan 2025other● Neutral
Distribution schedule for the listed $0.033 options: 88 holders and 137,091,607 options, nearly all in holdings over 100,000. Administrative.
8 Jan 2025other● Neutral
Register of the top 20 holders of listed $0.033 options expiring 13 December 2026 as at 23 December 2024: 137,091,607 options in total, with the top 20 holding about 75%. Administrative.
27 Dec 2024other● Neutral
Annual corporate governance statement and Appendix 4G against ASX recommendations. It notes no formal measurable gender diversity objectives were set. No new commercial information.
27 Dec 2024listing compliance notice▼ BadMajor
Pilot asked to extend its voluntary suspension to 3 February 2025 or until a capital raising announcement. Note funds of $1.8m are now due by 15 January, and Pilot is talking to an existing major capital provider about a package to complete Cliff Head. It expects at least 30 days.
