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Junior gas explorer Pilot Energy seeks partner as Perth Basin heats up

Perth Basin is back in the spotlight as two transactions land in front of investors.

On Tuesday, Carnarvon Energy confirmed it had taken a 19.9 per cent stake in Strike Energy, allowing the West Australian junior to expand exploration and gas power generation. But its much smaller rival Pilot Energy is also hitting the phones, hunting down a deep-pocketed partner to get its Leander Prospect gas resource off the ground.

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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Kanika Sood is a journalist based in Sydney who writes for the Street Talk column. Email Kanika at kanika.sood@afr.com.au
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com

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Original URL: https://www.afr.com/street-talk/junior-gas-explorer-pilot-energy-seeks-partner-as-perth-basin-heats-up-20250722-p5mgvz