Pilot Energy Limited · ASX:PGY
Pilot Energy — Corporate Update (June 2023)
19 slides from Pilot Energy's corporate update, Jun 6, 2023
Slide 1: Announcement to ASX: Pilot Presents Cliff Head CCS Project to Japan Korea Delegation
Pilot Energy Limited ABN 86 115 229 984 Suite 301, 35 Spring Street, Bondi Junction, NSW 2022 E: info@pilotenergy.com.au Announcement to ASX ASX: PGY 6 June 2023 PILOT ENERGY LIMITED PRESENTS THE CLIFF HEAD CCS PROJECT TO For personal use only JAPAN KOREA BUSINESS DELEGATION Pilot Energy Limited (Co
Slide 2: Mid West Clean Energy Project: Cliff Head CCS overview
For personal use only Mid West Clean Energy Project Austrade Japan-Korea CCUS Business Delegation Cliff Head CCS overview June 2023 PILOT ENERGY LIMITED ASX:PGY
Slide 3: Compliance Statements
Compliance Statements 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 and CO2 Storage resources which is based on and fairly For per
Slide 4: Key messages
Key messages The Mid West Clean Energy Project is the development of an integrated CCS to Clean Ammonia export project • Pilot is a producing oil and gas company transitioning into the supply of clean, low cost energy and a CCS service For personal use only • The Mid West Clean Energy Project (MWCEP
Slide 5: Pilot Energy Corporate Overview
Pilot Energy For personal use only Corporate Overview 4 Mid West Clean Energy Project Overview | June 2023
Slide 6: Vision
Vision Transform existing assets and infrastructure to deliver an integrated cost competitive clean energy solution Western Current Operations Integrated Clean Energy Portfolio For personal use only Australia Wind Carbon Capture & Cliff Head Oil Storage (CCS) Field Clean Energy Solar Resource hub &
Slide 7: Mid West Clean Energy Project
Mid West Clean Energy Project For personal use only A Clean Ammonia export project with full carbon capture through integrated CCS Carbon Capture & Storage Clean Ammonia Production Timing: ~2026 Timing: 2027 • Conversion of Cliff Head Offshore oil field to CCS • Targeting Clean Ammonia production of
Slide 8: 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 a
Slide 9: Management Team
Management Team For personal use only Cate Friedlander Nick Watson Jonas Jacobsen Mike Lonergan Company Secretary & General Head of Renewables & Development Director - MWCEP Head of Upstream Counsel Commercial Experienced corporate / commercial Over 20 years energy industry 20 years global experienc
Slide 10: MWCEP Cliff Head CO2 Storage project
For personal use only MWCEP Cliff Head C02 Storage project 9 Mid West Clean Energy Project Overview | June 2023
Slide 11: MWCEP – Cliff Head CO2 Storage project video
MWCEP – Cliff Head CO2 Storage project video For personal use only 10 Pilot Energy: CCS Overview | May 2022
Slide 12: Cliff Head CCS – Project Overview
Cliff Head CCS – Project Overview Key enabler of low cost Clean Ammonia production • Brownfield re-development utilizing existing Cliff Head Oil Field For personal use only onshore/offshore facilities • Clear Commonwealth regulatory pathway to CCS with initial application lodged with NOPTA • Minimal
Slide 13: Cliff Head Contingent CO2 Storage resource
Cliff Head Contingent CO2 Storage resource 2C Contingent Resource: 9.7 million tonne CO2 Storage: Plume stable after 100 years • Completed a full technical assessment of For personal use only the CO2 storage potential across the WA- 31L tenement area. • Key technical models expanded to cover the ent
Slide 14: Conversion from oil production to CO2 storage operations
Conversion from oil production to CO2 storage operations For personal use only June 2025 commence conversion To CO2 storage operations Existing oil operations Work over existing wells to convert to pressure management and monitoring Convert existing oil pipeline to transport CO2 Platform upgrades Ne
Slide 15: Conversion from oil production to CO2 storage operations
Conversion from oil production to CO2 storage operations Project to receive CO2 via an onshore and offshore terminal For personal use only • Commence CO2 Storage operations from 2026 with CO2 source from onshore customers • Targeting offshore receipt of CO2 from 2027 inline the offshore export of Am
Slide 16: Cliff Head CCS – A globally significant abatement project
Cliff Head CCS – A globally significant abatement project Significant WA domestic emissions opportunity set of up to 9 million tonnes per annum For personal use only Location of ~1 million tpa CO2 emissions within 30km of the Cliff Head CCS Project 15 Mid West Clean Energy Project Overview | June 20
Slide 17: Next Steps
For personal use only Next Steps 16 Mid West Clean Energy Project Overview | May 2023
Slide 18: Key next steps
Key next steps Over the next 12-18 months Pilot will be focused on the activities to deliver the Cliff Head CCS Project Corporate For personal use only • Active engagement with prospective project partners & customers • Formulation of development funding plan Project implementation Next 12 - 18month
Slide 19: Contact Details
Contact Details For personal use only Pilot Energy Limited Suite 301, 35 Spring Street Bondi Junction, NSW 2022 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@piloten