Slide 1: Investor Presentation August 2016
For personal use only Investor Presentation August 2016
Slide 2: Disclaimer
Disclaimer For personal use only This presentation may contain certain statements and projections provided by or on behalf of Pilot Energy Ltd (PGY) with respect to the anticipated future undertakings. These forward-‐looking statements reflect various assumptions by or on behalf of PGY. Accordingly
Slide 3: Investment Highlights
Investment Highlights For personal use only 1 Emerging Perth-‐based oil & gas exploration company, consistently demonstrating an ability to transact on favourable terms 2 Focused on exploration of conventional oil & gas in WA; largest net acreage holder in Perth Basin 3 Six exploration permits, fiv
Slide 4: Corporate Snapshot
Corporate Snapshot For personal use only Capital Structure (ASX: PGY) Share Register (at 15/7/16) Shares on Issue 2,938,816,834 Shareholders 1,786 Market Cap (@ 0.2 cents) $5.9 MM Top 20 64% Unlisted Options 140,000,000 Board & Management 30% PGY*Share*Price*History 0.0035 0.003 Financial Position (
Slide 5: Cornerstone Investment
Cornerstone Investment For personal use only § Raised $3.6 million through a Share Subscription Agreement with new investors § Funds raised in two tranches: § $800,000 in Tranche 1, at 0.2 cents per share § $2,800,020 in Tranche 2, at 0.3 cents per share § New investors own 45.4% of issued shar
Slide 6: Board & Management
Board & Management Directors Advisors For personal use only § Lean organisation Gavin Harper Rory McGoldrick Chairman Board Advisor, Commercial & § Advisory Board provides a 39 yrs experience Sino Gas & Energy Legal 15 yrs experience cost effective structure to Chevron Legal practice Various direc
Slide 7: Strategy
Strategy § Build a leading junior E&P company, by developing a diverse portfolio of For personal use only high quality upstream petroleum assets § Counter-cyclical investment strategy, building project portfolio at low cost ahead of next industry upturn § Add value through low cost work, farming
Slide 8: Asset Portfolio
Asset Portfolio For personal use only § 6 permits across 5 projects § Proven petroleum provinces § Operator of 5 permits § Diverse portfolio § Oil & Gas § Offshore & Onshore ü Acquisitions achieved via favorable commercial structures ü Low commitments ü Company-‐making prospective resource
Slide 9: WA-481-P: Offshore North Perth Basin
WA-‐481-‐P: Offshore North Perth Basin For personal use only § Operator and 60% working interest 115°00' E AREA'OF' PRIMARY' INTEREST § Acquired late July 2016 Dunsborough' oil'discovery W.A. Map Location Geraldton Dongara' § Net Profits Interest payable to previous gas'field Jingemia &' Hovea'
Slide 10: WA-507-P: Northern Carnarvon Basin
WA-‐507-‐P: Northern Carnarvon Basin § Operator and 80% interest For personal use only § Large block within prolific Northern Carnarvon Basin gas province Statoil: WA-506-P § No significant commitments until “Drill or Drop” decision by November 2019 § Three large gas/oil prospects identified
Slide 11: WA-503-P: Inboard North West Shelf
WA-‐503-‐P: Inboard North West Shelf § Operator and 80% interest For personal use only § Located in shallow water on Legendre oil trend § Three prospects identified on existing 3D seismic data § Prospective resources independently confirmed by GCA § Best case 46 MMBbls § 80km2 3D seismic com
Slide 12: EP416 & EP480: Southern Perth Basin
EP416 & EP480: Southern Perth Basin § Operator and 60% interest For personal use only § EP416 subject to current renewal application § EP480 well commitment recently replaced with desktop studies § Prospective for gas, in area of significant DBNGP demand § DBNGP pipeline crosses permits § Exis
Slide 13: EP437: Northern Perth Basin
EP437: Northern Perth Basin 13% interest (Operator Key Petroleum) For personal use only § § On trend with multiple oil & gas discoveries § Prospective for both oil & gas § Three prospects identified, all updip from Dunnart-‐1 & 2 wells § Proximity to infrastructure enables even small discoveri
Slide 14: Cornerstone Investment: Use of Proceeds
Cornerstone Investment: Use of Proceeds For personal use only A$1,140, 000 WA-‐507-‐P seismic license fee to TGS Nopec (paid) A$650,000 Planned 3D seismic acquisition in WA-‐503-‐P A$400,000 EP416/480 12 month work program (includes A$150,000 due to Empire Oil & G as upon renewal of EP416) A$300
Slide 15: Prospective Resources
Prospective Resources1 For personal use only Permit Oil/Gas Low Case Best Case High Case WA-507-P2 Oil 604 MMBbl 1,581 MMBbl 3,600 MMBbl WA-507-P2 Gas 4,030 Bscf 10,047 Bscf 21,099 Bscf WA-503-P3 Oil 16 MMBbl 46 MMBbl 107 MMBbl EP416/4804 Gas 90 Bscf 270 Bscf 600 Bscf EP4375 In progress WA-481-P5 In
Slide 16: Independent Expert's Valuation
Independent Expert’s Valuation For personal use only BDO Corporate Valuation Low Value Preferred High Value Cents per Value Cents per share Cents per share share Value of Pilot Energy following completion of 0.38 0.62 0.88 the Transaction (cornerstone investment) on a minority basis RISC Asset Valua
Slide 17: In Summary
In Summary § Experienced team with solid track record and significant For personal use only investment in company § Delivering against a clear growth strategy § Demonstrated ability to consistently acquire quality assets with minimal cash outlay § Low cost base § Well-‐funded to unlock signifi
Slide 18: Contact
For personal use only Contact Media and Broker Enquiries Iain Smith Luke Forrestal/Andrew Rowell Managing Director Cannings Purple Pilot Energy Limited T: +61 8 6314 6300 T: +61 9423 3200 E: lforrestal@canningspurple.com.au E: ismith@pilotenergy.com.au arowell@canningspurple.com.au www.pilotenergy.c