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PILOT ENERGY LIMITED (PGY)

Click here for free access to this company's:
ASX, Legal & CGT Status

Former (or subsequent) names

 FROMTO
PILOT ENERGY LIMITED14/08/2015
RAMPART ENERGY LTD22/05/201314/08/2015
EARTH HEAT RESOURCES LTD30/07/201022/05/2013
FALL RIVER RESOURCES LTD30/07/2010

Shareholder links

Our website ranking of PGY: rating 4
(4 out of 5)
COMPANY WEBSITE:

 

REGISTRY:

Boardroom Pty Ltd
Level 8, 210 George Street, Sydney NSW 2000
Tel : +61 2 9290 9600 or 1300 737 760
Fax : +61 2 9279 0664 or 1300 653 459
RegistryWebsite RegistryEmail

Company details

ISIN: AU000000PGY8
Address: Suite 301, 35 Spring Street, Bondi Junction, New South Wales 2022
Tel:  +61 2 8016 2819Fax: +61 2 9279 0664

Date first listed: 20/04/2006

Sector: Energy Industry Group: XEJ
Activities: Investment in geothermal development in Argentina and Australia and oil and gas exploration the USA

News & Events

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The company is requesting a further extension of its voluntary suspension of trading until 5 April 2025. The suspension is due to ongoing discussions with investors regarding a capital raise to complete the Cliff Head project acquisition from Triangle Energy Limited and meet ongoing costs. The process has been protracted and has faced challenges.

05/03/2025

The company releases a response to an ASX query letter.

04/03/2025

The company lodges its notice regarding unquoted securities.

03/03/2025

The company releases a response to an ASX aware query.

26/02/2025

The company and South32 Worsley Alumina are partnering to conduct a joint feasibility study on the carbon supply chain for capturing and storing carbon dioxide from Worsley Alumina operations. The study will assess onshore conditioning, transportation, and delivery of carbon to Pilot's Cliff Head Carbon Storage project.

21/02/2025

The company lodges its application for quotation of securities.

18/02/2025

The company is in discussions with Triangle Energy to restructure the Cliff Head Oil Field acquisition arrangements. The company is focusing on ensuring good standing and compliance with Commonwealth non-production phase requirements. Pilot has funded $5.7 million for the operation since August 2024, covering 100% of the transition costs. The company is also in discussions with capital providers to implement a recapitalization plan for CY2025 and the permanent carbon storage operation project. Pilot's recapitalization plan discussions are ongoing but not yet complete.

18/02/2025

The company releases its results of its annual general meeting.

12/02/2025

The company releases its AGM presentation to shareholders.

12/02/2025

The company is set to hold its Annual General Meeting on 12 February 2025 at 11am (AWST). Those unable to attend can watch or listen to the meeting through a livestream broadcast.

10/02/2025

The company has requested a further extension of its voluntary suspension of trading until 5 March 2025, following discussions with ASX. The suspension is due to ongoing discussions with an investor regarding a capitalisation package for the Cliff Head project, which has been delayed due to complex negotiations and key personnel availability.

05/02/2025

The company lodges its Quarterly Activities/Appendix 5B Cash Flow Report.

31/01/2025

The company has raised $1,805,000 million through the placement of $1,630,000 and $175,000 in convertible notes to two investors, arranged by Powerhouse Advisory Australia Pty Ltd. The funds will be used for Cliff Head Oil Field operations.

23/01/2025

The company and Korea Southern Power Co. are engaged in a project development agreement to secure equity participation in the Mid West Clean Energy Project. The agreement includes market testing, an Independent Technical Study, and execution of the PDA by June 2025. The project aims to provide long-term, economical low carbon ammonia supply for hydrogen co-firing in coal-fired power plants.

16/01/2025

The company will hold an annual general meeting at 11.00am (AWST) on 12th February 2025 at the offices of Minter Ellison, One The Esplanade, Level 9, 1 The Esplanade, Perth, Western Australia in the Gutharraguda/Shark Bay Room.

10/01/2025

The company issued 107,091, 607 listed options and 15,000,000 broker options to investors in response to the Placement of new securities.

09/01/2025

The company releases the following: Appendix 2A, Top 20 Holders, and Distribution Schedule.

08/01/2025

The company releases the following: Appendix 2A, Top 20 Holders, and Distribution Schedule.

08/01/2025

The company lodges its Corporate Governance Statement & Appendix 4G.

27/12/2024

The company requests an extension of its voluntary suspension of trading until 3 February 2025 or until an announcement about a Capital Raising is released. The suspension follows Triangle Energy's announcement regarding payments under the revised Sale and Purchase Deed for the Cliff Head project. The company is also discussing a capitalisation package with a major capital provider.

27/12/2024

The company has confirmed a 58% increase in the Cliff Head Carbon Storage Resource, increasing its capacity by 27 million tonnes to 72 million tonne.

24/12/2024

The securities of Pilot Energy Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of PGY, pending the release of an announcement regarding the receipt of funds to be advanced under a convertible note in respect of Triangle Energy Limited's interest in the Cliff Head Project and to allow for the execution of that fund raising.

23/12/2024

The suspension of trading in the securities of Pilot Energy Limited will be lifted immediately following the release by PGY of an announcement regarding a capital raising.

17/06/2024

The company releases a notice of proposed issue of securities.

17/06/2024

The company has received commitments of $4.0 million in a placement to sophisticated, institutional and professional investors. Strong investor interest was shown in the Placement along with support for the Company's strategic focus on developing the Mid West Clean Energy Project (including the Cliff Head Carbon Storage Project) in Western Australia.

17/06/2024

The company lodges its Half Yearly Accounts.

14/06/2024

The WA 31-L joint venture's application to Declare a Greenhouse Gas Storage Formation over the WA 31-L licence area has been approved by the Commonwealth Minister for Resources and Minister for Northern Australia, the Hon Madeleine King MP. The Declaration instrument notes a storage capacity of 13.4 million tonnes for the Cliff Head Storage Formation which is sufficient for the initial stage of the MWCEP Cliff Head CO2 Storage project.

14/06/2024

The securities of Pilot Energy Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of PGY, pending the release of an announcement regarding a capital raise.

14/06/2024

The suspension of trading in the securities of Pilot Energy Limited will be lifted from the commencement of trading on Thursday, 12 August 2021, following the release by PGY of an announcement regarding the completion of a capital raising and confirmation of satisfaction of ASX's conditions for reinstatement.

11/08/2021

The company releases its Blue Economy CRC Presentation.

11/08/2021

At the 4 August 2021 general meeting, all resolutions required to affect the proposed capital raising of at least $6,300,000 were approved. All conditions to the capital raising have been satisfied. Cleared funds for the complete amount of the issue price of every security to be issued have been received and the company has issued a total of 133,333,333 ordinary shares in 2 tranches. The company accepts and confirms the decision of ASX regarding the application of Listing Rule Chapter 11 to the Wind & Solar Project.

11/08/2021

The company wishes to correct two matters related to the PGY share purchase plan. The exercise price for all SPP options issued under the offer document with an expiry date of 18 December 2022 is $0.033 cents. Also, the 7,575,757 SPP options with an expiry date of 18 December 2022 are exercisable at $0.033 and were issued using the company's 15% placement capacity.

11/08/2021

The company releases an Appendix 2A.

11/08/2021

The company releases a notice of proposed issue of securities.

10/08/2021

The company releases a prospectus for the offer of 16,666 New Shares at an issue price of $0.06 to raise $1,000.

09/08/2021

The company releases the results of its general meeting.

04/08/2021

The company releases its Stockhead V-Con Series Presentation.

03/08/2021

The company lodges its Quarterly Activities/Appendix 5B Cash Flow Report.

29/07/2021

The format of the General Meeting due to be held on 4 August 2021 at 88 Phillip Street, Sydney has been changed due to the Sydney covid lockdown. Consequently the Pilot General Meeting on 4 August will now be held virtually only and there will be no physical meeting in Sydney, noting these arrangements still meets the requirements of Pilot's Constitution. Shareholders who wish to participate in the General Meeting virtually may do so from their computer, by entering the URL http://web.lumiagm.com/325385351 into their browser.

22/07/2021

Indicative Farmin terms agreed with Advanced Energy Transition Pty Ltd ACN 650 365 727 to fully fund the drilling of one exploration well in Pilot's 100% owned South Perth Basin Exploration Permits EP 416 and 480. AET will drill and fully fund the exploration well to test the Leschenault Gas Prospect to earn a 50% in the Leschenault Gas Prospect. The Leschenault Gas Prospect has been independently assessed to have a Gross Prospective Resource of 725 BCF (Best Estimate) and up to 1.595 TCF (High Estimate). The Leschenault Gas Prospect is located in South West Western Australia in close proximity to the Kwinana Industrial Hub and the Dampier-to-Bunbury Gas Pipeline. Pilot's EPs 416/480 overlie the area of the Western Australian Government-sponsored South West Hub Carbon Capture & Storage Project. The exploration well will also assess the suitability of reservoirs for carbon sequestration including the Triassic-age Lesuer Sandstones. Subject to regulatory approvals and land access, drilling operations for the Leschenault Gas Prospect exploration well are forecast to commence within the next 12 months.

14/07/2021

The company releases a notice of proposed issue of securities - PGY.

08/07/2021

The company's general meeting will be held on 4 August 2021 at 11:00am (AEST) at the offices of Squire Patton Boggs at Aurora Place, Lvl 17/88 Phillip Street, Sydney, NSW. The meeting will also be held virtually via Lumi Online Platform.

05/07/2021

The company releases a response to ASX Price and Volume Query.

02/07/2021

The company releases a notice of application for quotation of securities - PGY.

01/07/2021

CH-6 Workover and CH-11WI Slickline Intervention to commence on 30 June 2021. Production restart on CH-6 and production enhanced from CH-11WI expected by end July 2021.

29/06/2021

The company releases a notice of proposed issue of securities - PGY.

28/06/2021

Firm commitments for $8 million (before costs of the offer) in a placement to sophisticated, institutional and professional investors arranged by Bridge Street Capital Partners Pty Ltd. Strong support from new and existing shareholders, looking for exposure to the oil & gas, hydrogen and renewable energy sectors.

28/06/2021

The company requests an extension of the voluntary suspension of trading in its securities effective from 28 June 2021. The request is being made until 11 August 2021, or until the company releases an announcement to the market that it has recommenced trading, whichever occurs earlier.

28/06/2021

Pilot seeks to remain in voluntary suspension until the commencement of trading on 28 June 2021 or until it releases an announcement, whichever occurs earlier.

15/06/2021

The company lodges its Half Year Accounts.

11/06/2021

The company seeks to remain in voluntary suspension until the commencement of trading on 14 June 2021 or Pilot releasing an announcement to the market, whichever occurs earlier.

02/06/2021

The acquisition of 100% of the issued share capital in Royal Energy has today completed in accordance with the share sale deed between the company and Royal Energy dated 25 September 2020. Pilot has issued a total of 143,900,000 shares in the company to the Royal Vendors and advisers to the transaction RFC Ambrian Limited, collectively representing no more than 38.3% of all the Pilot shares on issue. No single Royal Vendor holds more than 7.5% of the company.

01/06/2021

The company releases an Appendix 2A.

31/05/2021

The company releases the results of its general meeting.

28/05/2021

The company releases its General Meeting Chairman's Presentation.

28/05/2021

The company releases a disclosure document on the WA-481-P and Cliff Head wind and solar JV transaction.

11/05/2021

Triangle and Pilot have executed the joint venture agreements and access deeds formalising the WA-481-P upstream joint venture and the Cliff Head Wind and Solar joint venture, the signing of which were conditions precedent under the WA-481-P Sale. Under the WA-481-P Sale, Triangle acquires a 78.75% interest and is appointed as operator and Pilot retains a 21.25% interest in the tenement in return for a $300,000 cash payment and a free carrying of Pilot over the next 3 years, which includes acquisition and processing of extensive 2D and 3D seismic surveys. Under the Cliff Head Wind and Solar joint venture Pilot will hold an 80% interest and is appointed as operator and Triangle a 20% interest and Pilot is free carrying Triangle on a renewables feasibility study. Transaction creates alignment across the oil and gas exploration project (WA-481-P), the adjacent oil production project (Cliff Head Oil project) and the renewables joint venture. The principle outstanding condition to completion of Pilot's sale of the interest in WA-481-P and transfer of operatorship relate to final regulatory approvals including in relation to the transfer of Key Petroleum's interest in WA-481-P to Pilot "“ once these approvals are received Pilot will receive the $300,000 cash payment to Pilot and the work programme free carry will commence.

11/05/2021

The company requests for an extension of its voluntary suspension to enable the company to confer with ASX on the potential impact that various transactions may have on the Mid West Feasibility Study Reporting Condition and in relation to Listing Rule 12.1 and Listing Rule 12.2. The voluntary suspension is expected to remain until the commencement of trading on 2 June 2021, the day following the closing of the Royal Energy Acquisition, or Pilot releasing an announcement to the market, whichever occurs earlier.

03/05/2021

The company lodges its Quarterly Activities and Cashflow Report.

29/04/2021

The voluntary suspension of the company's securities will last until the commencement of trading on 3 May 2021, or Pilot releasing an announcement.

27/04/2021

The RISC report called "Independent Technical Specialist Report Pilot Energy Ltd- Australian Exploration Assets" was not included in the Consolidated Notice of Meeting documents released on Friday 23 April 2021. The company has released the updated documents.

26/04/2021

Cliff Head joint venture total 2C Contingent Resources 1.07 MMbbls net to Royal Energy. Producing Cliff Head Oil Field assessed to have 2C Contingent Resources of 272,000 bbls net to Royal Energy subject to reclassification as 2P Reserves. Reclassification subject to Cliff Head JV securing new crude oil offtake and sale arrangements. Pilot holds current 2C Contingent Resources of 1.3 MMbbls oil and 8.8 BCF gas attributable to oil and gas discoveries in WA481-P.

23/04/2021

The company's general meeting will be held on 28 May 2021 at 11:00am (AEST) at the offices of Squire Patton Boggs (AU) Level 17, 88 Phillip Street, Sydney 2000. The meeting will also be held virtually via Lumi Online Platform.

23/04/2021

The voluntary suspension of the company's securities is exepcted to last until the commencement of trading on 27 April 2021 or Pilot releasing an announcement to the market, whichever occurs earlier.

19/04/2021

The company expects that the voluntary suspension of its securities will last until the commencement of trading on 19 April 2021, or Pilot releasing an announcement to the market, whichever occurs earlier.

12/04/2021

The company expects the voluntary suspension of its securities will last until the commencement of trading on 12 April 2021, or Pilot releasing an announcement to the market, whichever occurs earlier.

06/04/2021

Pilot makes this request for an extension of voluntary suspension to enable the Company to confer with the ASX on the Mid West Feasibility Study Reporting Condition. It is expected that the voluntary suspension will last until the commencement of trading on Tuesday, 6 April 2021, or Pilot releasing an announcement to the market, whichever occurs earlier.

29/03/2021

The company expects that the voluntary suspension of its securities will last until the commencement of trading on 29 March 2021 or Pilot releasing an announcement to the market regarding the potential impact that the proposed transaction may have on the Mid West Feasibility Study Reporting Condition, whichever occurs earlier.

22/03/2021

It is expected that the voluntary suspension will last until the commencement of trading on Monday, 22 March 2021, or Pilot releasing an announcement to the market regading the potential impact of the proposed transaction to the Mid West Feasibility Study Reporting Condition, whichever occurs earlier.

15/03/2021

The company releases the Results of Meeting.

10/03/2021

Pilot Energy releases a presentation on the information provided at the December 2020 EGM.

05/03/2021

Since 10 February 2021, Pilot and the counter party have continued negotiations and are progressing the potential acquisition terms and due diligence. In parallel Pilot is consulting with the ASX on the potential impact that the potential acquisition may have on the Mid West Feasibility Study Reporting Condition. Pilot has requested an extension to the period of Voluntary Suspension through to 15 March 2021. The necessary Shareholders General Meeting notice of meeting and associated independent expert report have been prepared for regulatory review. Once the review process has completed and the documents are finalised, Pilot will call a Shareholders General Meeting. At this stage we estimated that the meeting may be held in April 2021.

01/03/2021

It is expected that the voluntary suspension will last until the commencement of trading on Monday, 1 March 2021, or Pilot releasing an announcement to the market responding to the ASX Query Letter, whichever occurs earlier.

22/02/2021

The company expects the voluntary suspension of its securities will last until the commencement of trading on 22 February 2021 or Pilot releasing an announcement to the market responding to the ASX Query Letter, whichever occurs earlier.

17/02/2021

The securities of Pilot Energy Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of PGY, pending finalisation of a response to an ASX Price Query Letter that it received from the ASX on 10 February 2021.

11/02/2021

we understand that on or about this date the company consolidated its shares 1 for 50

24/07/2017

name changed from Rampart Energy Ltd

14/08/2015

 

Click here for free access to this company's:
ASX, Legal & CGT Status

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    Click here for free access to this company's:
    ASX, Legal & CGT Status

    Directors' on-market share transactions (last 5)

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    Purchases Sales

    DATEDIRECTORNUMBERPRICEAMOUNT
    20/12/2021Bruce Gordon146,145$0.054$7,922
    12/03/2018Benson Wong357,652$0.031$11,087
    31/03/2016Gavin Harper5,000,000$0.002$10,000
    17/04/2015Gavin Harper1,819,537$0.003$5,459
    06/03/2015Gavin Harper1,000,000$0.005$5,000

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    Brad LingoExecutive Chairman, Managing Director13/05/2020
    Alexander SundichNon Exec Director04/02/2025
    Natalie WallaceNon Exec Director04/02/2025
    Cate FriedlanderCompany Secretary

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Bruce GordonNon Exec Director28/05/202112/02/2025
    Daniel ChenDirector16/09/202012/02/2025
    Anthony StrasserManaging Director28/05/202117/04/2024
    Michael LonerganNon Exec Director11/12/201701/06/2021
    Walker LiNon Exec Director20/09/201801/12/2020
    Guoping BaiNon Exec Director17/06/201901/12/2020
    Alan TeimooriCEO31/07/201919/05/2020
    Robert GardCEO03/04/201831/07/2019
    Wilson XueNon Exec Chairman27/06/201617/06/2019
    Benson WongExecutive Director, CFO28/04/201608/02/2019
    Xingjin WangExecutive Director10/08/201708/02/2019
    Iain SmithManaging Director10/02/201410/08/2017
    Gavin HarperExecutive Chairman01/05/201402/12/2016
    Conrad ToddNon Exec Director02/07/201427/06/2016
    Rory McGoldrickDirector14/05/201527/06/2016
    Torey MarshallManaging Director22/01/201002/07/2014
    Raymond ShawNon Exec Director22/01/201001/06/2014
    Mal Lucas-SmithNon Exec Director23/04/201217/03/2014
    Norman ZillmanNon Exec Director27/01/201023/04/2012

    Date of first appointment, title may have changed.