Slide 1: Transitioning to Clean Energy for the Mid West
Transitioning to Clean Energy for the Mid West Mid West Clean Energy Projects Feasibility Results March 2022 PILOT ENERGY LIMITED ASX:PGY
Slide 2: 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 carbon storage resources which is based on and fairly Any
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 Western Blue hydrogen Australia & renewable projects N Existing oil and gas business Tier 1 renewable energy resources Diversify and t
Slide 4: Pilot at a Glance
Pilot at a Glance ASX Code: PGY Capital Structure • Issued shares 504.4 million • PGY share price (24.03.22) ~$0.048 • Market Capitalisation ~$24 million Oil & Gas Reserves & Resources (Existing) • Proved & Probable Reserves1 - Western Renewables (feasibility) • 2C Contingent Resources,1,2 ~3,800,00
Slide 5: Proven, Experienced Board
Proven, Experienced Board 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 and Corporate Audit exec
Slide 6: The Senior Management Team
The Senior Management Team Cate Friedlander Nick Watson Mike Lonergan Company Secretary & General Counsel Head of Renewables & Commercial Head of Upstream Experienced corporate / commercial lawyer in 20 years energy industry experience Michael is a petroleum geophysicist with 35 years of upstream &
Slide 7: Energy Transition Development Strategy
Energy Transition Development Strategy Project implementation from 2023 - Subject to feasibility and ASX Compliance Prior years CY2022 CY2023 Utilizing Existing Leverage Existing Feasibility to Permitting to Large Range of Pilot Footprint Knowledge Base Permitting Partnering Potential Partners Progr
Slide 8: Feasibility Study Results
Feasibility Study Results Study results point to highly attractive project pipeline and achievable staged development Feasibility studies clearly Time CCS Hydrogen Renewables establish: Horizon • Substantial CCS resource at Max H2 2035 Max H2 Cliff Head Oil Field with Cliff Head+Frankland 1,200 ktpa
Slide 9: Mid West Carbon Capture & Storage Project
Mid West Carbon Capture & Storage Project CCS is the key enabler of delivering lowest cost, clean Hydrogen solution • Focussed on development of a major carbon capture and storage (CCS) project located on the Mid West Coast • Cliff Head Oil Field in the offshore North Perth Basin and adjacent Pilot
Slide 10: Mid West Renewables Large Resource & Superior Cost
Mid West Renewables Large Resource & Superior Cost Mid West feasibility studies show clear cost advantage • Feasibility studies have delineated over 18 GW of technical resource potential in focus area Mid West Clean Energy Project Total Identified Renewable Energy • Renewable resources cover onshore
Slide 11: Integrating CCS, Hydrogen & Clean Power
Integrating CCS, Hydrogen & Clean Power Pilot’s three stage development path will integrate CCS, Clean Power generation and Hydrogen production CCS + 8 Rivers – a unique H2 opportunity: • Blue Hydrogen only possible with CCS • 8 Rivers Clean Power & Hydrogen Renewables & Electrolysers H2 Technology
Slide 12: Feasibility Studies Point to a Clear Development Path
Feasibility Studies Point to a Clear Development Path Three stage development path starting with CCS providing the foundation Path Ahead – Mid West Clean Energy Project Development Pipeline Pilot has identified a clear pathway: Stage 1 Stage 2 Stage 3 CCS CCS to Blue H2 H2 Expansion to Clean Ammonia
Slide 13: Mid West Clean Energy Project − Bringing It All Together
Mid West Clean Energy Project − Bringing It All Together 13 Mid West CCS & Blue Hydrogen Project | March 2022
Slide 14: Key Next Steps
Key Next Steps Pilot will be focused on the following activities over the next 12-months for the Stage 1 CCS Project: Corporate • Analyse & implement feasibility studies • Focus on funding strategies for implementing Stage 1 Clean Energy Projects • Partnering arrangements Project implementation (sub
Slide 15: Pilot's Competitive Advantage
Pilot’s Competitive Advantage 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 projects Feasibility stud
Slide 16: Contact Details
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@pilotenergy.com.au 16 Mid West C