PILOT ENERGY LIMITED
ASX:PGYEnergySuspended from quotationToday’s holders own 52.4% of what they think they own, once every option and right converts.
Not rated — the company is suspended from quotation
This company is suspended from ASX quotation. Scoring is paused until it resumes trading. Not rated means no assessment — not low risk.
PILOT ENERGY LIMITED's ordinary share count was 125M as of March 2026, its latest share-count filing. The company completed a 1-for-25 share consolidation in February 2026. In the past 24 months it raised capital five times for total proceeds of A$12.6M, most recently a A$3.4M placement in January 2026. Options and rights on issue could convert into 114M new shares, equal to 91.0% of the current share count, of which 32% are in the money; the nearest expiry is November 2026. The company does not have a disclosed funding-runway figure because the reported cash would have been used up at the spend rate and no later quarter is on record. No proposed securities issues are pending.
Quick answers · 3
When did PGY last raise capital?
The last capital raise in Pilot Energy's filings is Placement of $3.4M announced 28 Jan 2026, one of 5 cash raises in 24 months.
How much cash does PGY have?
In its quarterly cash report for the quarter ended 31 Mar 2026, Pilot Energy reported $74k of cash and estimated 53.4 quarters of funding available at its current rate of spending. That is the company's own estimate.
When do PGY's options expire?
Unexercised options and rights equal 91% of Pilot Energy's shares on issue; the nearest expiry is Nov 2026.
Shares on issue — last 2 years
Cash runway
Issuance timeline
Latest 5 filings (Appendix 2AThe form a company lodges to have new securities quoted on the ASX. It restates how many of each class are on issue. quoted issues, 3G unquoted, 3H cancellations)
| Date | Form | Security | On issue, per this filing | Source |
|---|---|---|---|---|
| 26 May 2026 | 3G · unquoted | PGY : ORDINARY FULLY PAID | 125.1M | Appendix 3G |
| 30 Apr 2026 | 3H · cancellation | PGY : ORDINARY FULLY PAID | 125.1M | Appendix 3H |
| 24 Mar 2026 | 3G · unquoted | PGY : ORDINARY FULLY PAID | 125.1M | Appendix 3G |
| 11 Mar 2026 | 3G · unquoted | PGY : ORDINARY FULLY PAID | 125.1M | Appendix 3G |
| 3 Mar 2026 | 3G · unquoted | PGY : ORDINARY FULLY PAID | 86.8M | Appendix 3G |
Securities on issue over time
Ordinary shares and every option and rights class, month by month over two years. The top edge is the fully diluted count.
Capital raises
5 cash raises in the last 24 months · 1 in the last 12 months
Forward supply
Every dated event on record that could add securities to the register — option expiries to their stated dates and proposed issues over the next 18 months, on one timeline.
Placement capacity
How much stock a company can place without asking holders. Listing Rule 7.1 / 7.1ARule 7.1 lets a company issue up to 15% of its shares in 12 months without a shareholder vote. Rule 7.1A adds 10% for smaller companies whose holders approve it. allows 15% of ordinary securities in any 12 months, and every Appendix 3BNotice that a company proposes to issue new securities, such as a placement. The securities are not on issue until a later filing confirms it. states how much of it an issue uses.
Pending proposed issues
Options & convertible securities
At $0.054 today, 40.0M securities are in the money (32.0% of shares on issue). At double today’s price it is 87.2M (69.7% of shares).
- Priced supply in the money at the price on the axis — the curve, and the only thing on it. Ten prices, sampled: between two of them the true figure lies between the two.
- 25.5M (22.4% of the supply above) states no exercise price at all. It cannot be called in or out of the money at any price, which is why it is hatched rather than plotted.
- 1.1M more carries an exercise price above ten times today’s — off the right of this axis, and in every total on this page.
| Code | Security | Type | Exercise price | Expiry | On issue | Source |
|---|---|---|---|---|---|---|
| PGYAS | Options | Price-triggered | $1.25 | 1 Nov 2026 | 240k | Filing |
| PGYOA | Options | Price-triggered, no exercise price stated | — | 31 Dec 2026 | 25.5M | Filing |
| PGYAT | Options | Price-triggered | $1.01 | 7 Feb 2027 | 800k | Filing |
| PGYAJ | Options | Price-triggered | $0.090 | 26 Feb 2027 | 39.8M | Filing |
| PGYAL | Options | Price-triggered | $0.63 | 23 Mar 2028 | 95k | Filing |
| PGYAU | Options | Price-triggered | $0.090 | 10 Mar 2029 | 7.4M | Filing |
| — | Options | Price-triggered | $0.005 | 25 Feb 2030 | 40.0M | Filing |
“Nil” is a stated nil exercise price: nothing is paid to convert. An em dash means the filing names no exercise price at all. Security is read from the filing’s own class description; an em dash there means the description is not one this table labels. One row is one security class, at the number stated in the most recent quotation application that restated it — linked, and dated, in the last column. For what expires soon across other listed companies, see the options expiry calendar.
- PGYAIconvertible notes3926 May 2026 Appendix 2A
Director dealings
| Date | Director | Type | Shares | Options | Other | Value | Source |
|---|---|---|---|---|---|---|---|
| 3 Mar 2026 | Alexander Sundich | Other placement | 13.9M | 13.9M | — | — | 3Y notice |
| 3 Mar 2026 | Bradley Lingo | Other placement | 1.4M | 1.4M | — | — | 3Y notice |
| 3 Mar 2026 | Bradley Lingo | Other placement | 13.9M | 13.9M | — | — | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.