Pilot Energy Limited · ASX:PGY
Pilot Energy — Good Oil Conference 2016
13 slides from Pilot Energy's conference presentation, Sep 13, 2016
Slide 1: Presentation to Good Oil Conference
For personal use only Presentation to Good Oil Conference Iain Smith, Managing Director 13 September 2016
Slide 2: Disclaimer
Disclaimer 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, these For personal u
Slide 3: Investment Highlights
Investment Highlights For personal use only 1 Emerging ASX listed oil & gas exploration company (ASX: PGY), consistently demonstrating an ability to transact on favourable terms 2 Focused on exploration of conventional oil & gas, onshore/offshore WA 3 Significant footprint; largest net acreage holde
Slide 4: Corporate Snapshot
Corporate Snapshot For personal use only Capital Structure (ASX: PGY) Share Register Shares on Issue 2,938,816,834 Shareholders 1,770 Market Cap (@ 0.2 cents) $5.9 MM Top 20 64% Options 175,000,000* Board & Management 30% * After expiry of options at 31/10/16 PGY/12/Month/Share/Price 0.0035 Financia
Slide 5: Strategy
Strategy § Counter-cyclical investment philosophy For personal use only § Focus on conventional projects § Maintain portfolio diversity § Add value through low cost work, farming out to fund exploration Conventional resources i n Increase asset value Assume only Maintain a low corporate proven p
Slide 6: Projects
Projects For personal use only § Six permits, five as Operator § Material working interests § Proven petroleum provinces § Diverse portfolio § Oil & Gas § Offshore & Onshore § Net holding 13,327km2 ü Acquisitions achieved via favorable commercial structures ü Low commitments ü Company-‐ma
Slide 7: Offshore North Perth Basin (WA-481-P)
Offshore North Perth Basin (WA-‐481-‐P) § Operator and 60% working interest For personal use only 115°00' E § Acquired late July 2016 for nil cash; AREA'OF' PRIMARY' INTEREST receiving prior PRRT “credits” Dunsborough' oil'discovery W.A. Map Location Geraldton Dongara' § Net Profits Interest pa
Slide 8: Southern Onshore Perth Basin (EP416/480)
Southern Onshore Perth Basin (EP416/480) § Operator and 60% interest For personal use only § Existing seismic and wells support gas play § 200km2 Leschenault prospect offers very significant prospective resources (to be announced in coming weeks) § EP416 subject to current renewal DBNGP applicat
Slide 9: Northern Carnarvon Basin (WA-507-P)
Northern Carnarvon Basin (WA-‐507-‐P) § Operator and 80% interest For personal use only § Large block within prolific Northern Carnarvon Basin gas province; emerging oil Statoil: WA-506-P play § Primary term commitment fulfilled by licensing existing 3D seismic data § No significant commitme
Slide 10: Inboard North West Shelf (WA-503-P)
Inboard North West Shelf (WA-‐503-‐P) Operator and 80% interest For personal use only § § Shallow water on Legendre oil trend § Three prospects identified on existing 3D seismic data § Prospective resources up to 107 MMBbls § 80km2 3D seismic commitment in primary term § Low cost seismic con
Slide 11: Forward Program
Forward Program For personal use only WA-‐507-‐P Seismic inversion study Farmout underway WA-‐503-‐P 3D seismic AVO study Farmout underway WA-‐481-‐P Resources quantification Prospect ranking EP416/480 EP416 renewal EP437 Prospective resources Prospect ranking Geochemical survey Prospective re
Slide 12: Since Last Good Oil Conference…
Since Last Good Oil Conference… For personal use only 1 Resolved all legacy issues on Alaskan project, receiving US$500,000 settlement 2 Completed four acquisitions, with minimal cash outlay 3 Raised A$3.6 million from cornerstone investment group, A$2.8 million of which at 0.3 cents per share (100%
Slide 13: Thank You
For personal use only Thank You Iain Smith, Managing Director Tel:+61 412 638019 Email: ismith@pilotenergy.com.au www.pilotenergy.com.au