Pilot Energy Limited · ASX:PGY
Pilot Energy — Shareholder Meeting (February 2022)
22 slides from Pilot Energy's shareholder meeting presentation, Feb 28, 2022
Slide 1: Leading the Clean Energy Transition
For personal use only Leading the Clean Energy Transition AGM Presentation 28 February 2022 PILOT ENERGY LIMITED ASX:PGY
Slide 2: Pilot – Leading the Clean Energy Transition
Pilot – Leading the Clean Energy Transition Leveraging existing oil and gas assets along with established infrastructure to develop competitive clean energy projects For personal use only Western Blue hydrogen Australia & renewable projects N Existing oil and gas business Tier 1 renewable energy res
Slide 3: Pilot at a Glance
Pilot at a Glance For personal use only ASX Code: PGY Capital Structure • Issued shares 504.4 million • PGY share price (14.02.22) ~$0.056 • Market Capitalisation ~$28 million Western Oil & Gas Reserves & Resources (Existing) Renewables (feasibility) • Mid West Renewables Australia • Proved & Probab
Slide 4: Proven, Experienced Board
Proven, Experienced Board For personal use only Brad Lingo Tony Strasser Daniel Chen Bruce Gordon Executive Chairman Managing Director Non Executive Director Non Executive Director 30+ years international senior Extensive oil & gas experience 17+ years of international business, Corporate Finance an
Slide 5: The Senior Management Team
The Senior Management Team For personal use only Cate Friedlander Nick Watson Mike Lonergan Company Secretary & General Counsel Head of Renewables & Commercial Head of Upstream Experienced corporate / commercial lawyer in upstream & 20 years energy industry experience Michael is a petroleum geophysi
Slide 6: Pilot's Competitive Advantage
Pilot’s Competitive Advantage For personal use only Material holdings with recognised Ownership in key energy licenses & Leveraging existing oil & gas assets world-class natural resources (oil & infrastructure into potential world-class competitive gas, blue hydrogen and renewables) clean energy pro
Slide 7: Strategy and Opportunity
Strategy and Opportunity Existing infrastructure, abundant renewable and gas resources and ability to provide carbon management are Pilot’s key enablers for the production of competitive clean energy and hydrogen For personal use only Convergence Wind Offshore Petroleum Permits Mid West World-class
Slide 8: The Energy Transition is Accelerating − Recent Events
The Energy Transition is Accelerating − Recent Events For personal use only 8 AGM Presentation | 28 February 2022
Slide 9: The Case for Renewables
The Case for Renewables Technology has dramatically reduced solar & wind power Mid West Region - one of the world’s best renewable costs in last decade below fossil fuel alternatives energy jurisdictions For personal use only The global weighted-average LCOE and PPA/auction prices for solar PV, onsh
Slide 10: Energy Transition Development Strategy
Energy Transition Development Strategy Project implementation from 2023 - Subject to feasibility and ASX Compliance For personal use only Prior years CY2022 CY2023 Utilizing Existing Leverage Existing Feasibility to Permitting to Large Range of Pilot Footprint Knowledge Base Permitting Partnering Po
Slide 11: Mid West Renewable Resource Zone – All the Right Stuff
Mid West Renewable Resource Zone – All the Right Stuff For personal use only Premium Renewable Established Clear Hydrogen Resource Precinct Infrastructure Development Pathway Renewable resources – Coastal Mid West is Grid connected – Served by Western Power’s Blue hydrogen – Combination of existing
Slide 12: Integrating Infrastructure, Renewables and Carbon Management to Deliver Competitive Clean Energy
Integrating Infrastructure, Renewables and Carbon Management to Deliver Competitive Clean Energy For personal use only Mid-West Region has multiple potential CCS and offshore wind development sites Pilot has interests in existing permits in the Mid West and is assessing feasibility of renewable ener
Slide 13: Pilot Energy's Development Plan
Pilot Energy’s Development Plan For personal use only Pilot has feasibility studies underway with global expertise Based on feasibility results, Pilot will leverage existing assets to develop world class clean energy projects in Mid West and South West regions. Feasibility studies considering first
Slide 14: Mid West Wind and Solar Feasibility Study
Mid West Wind and Solar Feasibility Study For personal use only Preliminary feasibility study objective: Genesis and Technip Energies, Lautec and Green Fuel Development engaged to assess the feasibility of developing and commercialising the Mid West region’s world class renewable energy resources an
Slide 15: Blue Hydrogen and CCS Feasibility Study
Blue Hydrogen and CCS Feasibility Study Consortium formed to progress feasibility study with key consultants For personal use only Blue Hydrogen projects: require expertise and collaboration from across the energy industry with the following consortium established to represent the key components for
Slide 16: Offshore Wind "Demonstrator" Project
Offshore Wind “Demonstrator” Project Following completion of feasibility studies initial development concept may involve a demonstrator wind farm project in WA State Waters For personal use only • Conceptual mid west offshore wind farm development • Based on successful Beatrice Demonstrator Wind Far
Slide 17: The Beatrice Offshore Wind Farm
The Beatrice Offshore Wind Farm A case study for an Offshore Wind Project For personal use only From offshore wind farm demonstrator project to Scotland’s largest operational wind farm • 1980 - Beatrice Oil Field started production, producing about 8,000 BOPD Located 13 km offshore in ~45 metre wate
Slide 18: Mid West Solar Project – complementary solar & wind resources
Mid West Solar Project –complementary solar & wind resources Onshore operational footprint also provides opportunity for integrated wind and solar development For personal use only Onshore solar as a key component of the Mid Conceptual Development – Subject to Feasibility Study Completion, JV and Re
Slide 19: Multiple Commercialisation Pathways
Multiple Commercialisation Pathways The Cliff Head infrastructure may enable the fast-track development and commercialisation pathway for the development of the Mid West Integrated Renewables Project For personal use only Electricity to WA grid WEM1 Electricity for Domestic Perth Hydrogen Mid West D
Slide 20: Key Next Steps
Key Next Steps For personal use only Corporate • Complete and analyse feasibility studies • Funding strategies • Partnering arrangements Project implementation (subject to feasibility and ASX compliance) • Offshore CCS (with conjunctive repurpose of Cliff Head and or WA 481 P gas developments) leadi
Slide 21: Compliance Statements
Compliance Statements For personal use only Disclaimer Competent Persons Statement This investor presentation has been prepared by Pilot Energy Limited ABN 86 115 229 984 (Pilot or the Company). This announcement contains information on conventional petroleum resources which is based on and fairly r
Slide 22: Contact Details
For personal use only Contact Details Pilot Energy Limited Level 1, 85 Elizabeth Street Paddington, NSW 2021 www.pilotenergy.com.au Brad Lingo Tony Strasser Nick Watson Chairman Managing Director Head of Renewables & Commercial blingo@pilotenergy.com.au tstrasser@pilotenergy.com.au nwatson@pilotener