Pilot Energy Limited · ASX:PGY
Pilot Energy — Investor Presentation (September 2021)
31 slides from Pilot Energy's investor presentation, Sep 30, 2021
Slide 1: Leading the Clean Energy Transition
For personal use only Leading the Clean Energy Transition Investor Presentation September 2021 PILOT ENERGY LIMITED ASX:PGY
Slide 2: 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 3: 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 4: Company Highlights
Company Highlights For personal use only Material holdings with recognised Ownership of key energy licenses Leveraging existing oil & gas assets world-class renewable & natural & infrastructure suitable to transition into potential world-class competitive resources in both Mid West & South from oil
Slide 5: Pilot at a Glance
Pilot at a Glance For personal use only ASX Code: PGY Capital Structure • Issued shares 501.6 million • PGY share price (VWAP - Sept 2021) ~$0.06 • Market Capitalisation ~$30 million Western Oil & Gas Reserves & Resources (Existing) Renewables (feasibility) • Mid West Renewables Australia • Proved &
Slide 6: Proven, Experienced Board
Proven, Experienced Board For personal use only Brad Lingo Tony Strasser Daniel Chen Bruce Gordon Executive Chairman and Director Managing Director Non Executive Director Non Executive Director 30+ years international senior Experienced corporate professional 17+ years of international business, Cor
Slide 7: 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 20 years energy industry experience Michael is a petroleum geophysicist with 35 i
Slide 8: 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 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 Global weighted average levelized cost of electricity from utility-scale r
Slide 10: 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 11: The Energy Transition is Accelerating − Recent Events
The Energy Transition is Accelerating − Recent Events For personal use only 11 Investor Presentation | September 2021
Slide 12: Necessary steps to transition to clean energy
Necessary steps to transition to clean energy For personal use only To make the transition to focussing on clean energy Pilot has specific ASX undertakings* In relation to the Mid West Wind & Solar Project, while undertaking the feasibility study Pilot is required to: • Continue to spend funds on it
Slide 13: Pilot Energy's Development Plan
Pilot Energy’s Development Plan For personal use only Pilot has formed a joint venture with Triangle Energy to assess the feasibility of developing a combined wind and solar project linked to the Cliff Head Oil Field* Pilot has commenced preliminary feasibility studies with global expertise Based on
Slide 14: Integrating Infrastructure, Renewables and Carbon Management
Integrating Infrastructure, Renewables and Carbon Management to Deliver Competitive Clean Energy For personal use only Mid-West Region has multiple potential offshore wind development sites • Cliff Head Wind & Solar Project JV* formed with Triangle Energy to assess feasibility of developing combined
Slide 15: The Beatrice Offshore Wind Farm
The Beatrice Offshore Wind Farm A case study for Cliff Head 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 me
Slide 16: Cliff Head Offshore Wind Demonstrator Project
Cliff Head Offshore Wind “Demonstrator” Project Following completion of feasibility studies development conceptual for Cliff Head Oil Field demonstrator wind farm project For personal use only • Conceptual “demonstrator” wind farm development at Cliff Head Oil Field • Based on successful Beatrice De
Slide 17: Mid West Solar Project – Bringing Wind & Solar together
Mid West Solar Project – Bringing Wind & Solar together Onshore operational footprint also provides opportunity for integrated wind and solar development For personal use only Conceptual Development – Subject to Feasibility Study Onshore solar as a key component of the Mid Completion, JV and Regulat
Slide 18: A Clear Pathway to Low Cost Hydrogen
A Clear Pathway to Low Cost Hydrogen Pilot’s Hydrogen Projects are uniquely positioned for delivering clean hydrogen - both blue and green For personal use only 2025 2030 Low-cost industrial scale renewable energy – wind & solar Readily available natural gas feedstock for blue hydrogen leveraging ex
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: Executing the Strategy
Executing the Strategy For personal use only Feasibility assessment provides platform for future value accretion alongside oil and gas. 20 Investor Presentation | September 2021
Slide 21: Energy Transition Development Strategy
Energy Transition Development Strategy For personal use only CY2020 – June 21 CY2021 CY2022 CY2023 Utilizing Existing Leverage Existing Feasibility to Permitting to Large Range of Pilot Footprint Knowledge Base Permitting Partnering Potential Partners Progress project Pilot database is the Once prel
Slide 22: 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 23: Blue Hydrogen and CCS Feasibility Study
Blue Hydrogen and CCS Feasibility Study Internationally recognised consultants engaged For personal use only Mid West Blu Hydrogen & CCS feasibility study: Genesis and Technip Energies, and RISC engaged to assess the feasibility of developing and commercialising the Mid West Blue Hydrogen project wh
Slide 24: Key Milestones and Activities
Key Milestones and Activities For personal use only Progress to date CY2021 CY2022 +CY2023 Corporate • May 20 – New strategy announced • Develop asset partnering • Implement corporate and project • Sept-Dec 20 – Announce transaction strategy funding strategy to restructure asset ownership • Formulat
Slide 25: 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 26: Oil & Gas Supplemental information
For personal use only Oil & Gas Supplemental information 26 Investor Presentation | September 2021
Slide 27: Oil and Gas Assets
Oil and Gas Assets For personal use only WA-31-L Cliff Head Oil field (Pilot 21.25%) • 0.3 mmbbls (net)1 Cliff Head producing 2C contingent resource. 0.8 mmbbl (net)1 Cliff Head exploration and appraisal prospects • Current and forecast production of ~800bbls per day (gross) for FY22 and ~$0.75milli
Slide 28: Cliff Head Joint Venture Future Drilling
Cliff Head Joint Venture Future Drilling Cliff Head joint venture progressing 3-well priority drilling opportunity to reach 3000 BOPD by 1H 2023 For personal use only • Western Development, Mentelle and South East Nose • Extend Cliff Head production to beyond 2030 • Upside opportunity at Mentelle •
Slide 29: Renewables & Hydrogen Supplemental information
For personal use only Renewables & Hydrogen Supplemental information 29 Investor Presentation | September 2021
Slide 30: Hydrogen Key Facts
Hydrogen Key Facts For personal use only Fossil fuels and Hydrogen Energy comparison (https://rmi.org/run-on-less-with-hydrogen-fuel-cells/) • Diesel 45.5 MJ/kg (12 – 14 kWh/kg) • Petrol 45.8 MJ/kg (12kWh/kg) • Hydrogen 120MJ/kg (33.3kWh/kg) • 1 kg Hydrogen equivalent to 2.6 kg petrol Hydrogen Fuel
Slide 31: 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
Pilot Energy — Investor Presentation (September 2021) on 6ix