Pilot Energy Limited · ASX:PGY

Pilot Energy — Shareholder Meeting (February 2016)

12 slides from Pilot Energy's shareholder meeting presentation, Feb 24, 2016

  1. Slide 1: Presentation to AGM: Project Update

    For personal use only Presentation to AGM Project Update 24 February 2016

  2. Slide 2: The Past 12 Months

    The Past 12 Months For personal use only  Added three new assets to portfolio  Change of name to Pilot Energy Ltd, to reflect new direction  Bolstered Board with appointment of Rory McGoldrick  Appointed full time Managing Director  Exited Alaska with US$500,000 settlement to Pilot  Paid off A

  3. Slide 3: Project Portfolio

    Project Portfolio For personal use only WA‐507‐P WA‐503‐P  Excellent address  Independent assessment of  Very significant prospective prospective oil resources oil & gas resources nearing completion  Increasing industry interest in  Three prospects on oil play established oil trend  Seismic co

  4. Slide 4: WA-507-P

    WA‐507‐P For personal use only  On trend with major gas discoveries  Three very large & robust prospects identified on existing 3D seismic data Statoil: WA-506-P  Prospective resources independently assessed by Gaffney Cline & Associates (GCA)  Up to 20 Tcf gas or 3.6 Billion Bbls oil  Primary

  5. Slide 5: WA-507-P: Oil & Gas Play

    WA‐507‐P: Oil & Gas Play For personal use only Well defined, very large structural prospects Dalia South‐1 W E Muderong Shale seal 300 metres off‐structure Mungaroo Sandstone Reservoir Jurassic oil source Seismic images shown with permission of TGS

  6. Slide 6: WA-503-P

    WA‐503‐P For personal use only  Prospective for oil, located on Legendre oil trend  Three prospects identified on existing 3D seismic data  Nearby wells confirm working oil system on‐block  GCA assessment of prospective resources expected to be completed shortly  Primary term work commitment to

  7. Slide 7: EP416 & EP480

    EP416 & EP480 For personal use only  Transfer of title and operatorship to Pilot Energy recently approved by DMP  Permits located in southern Perth Basin  Large Leschenault gas prospect present on existing 2D seismic  Up to 200km2 structural closure  Nearby wells confirm presence of source, res

  8. Slide 8: EP416 & EP480 Falcon Survey

    EP416 & EP480 Falcon Survey For personal use only  Falcon Airborne Gravity Gradiometry EP480 EP480 survey acquired by Empire Oil & Gas in mid 2015  Regional data confirms presence of major depocentres to NE and SE of Leschenault prospect  Depocentres thought to be “source kitchens” for gas  Lesc

  9. Slide 9: EP437

    EP437 For personal use only  Acquired ~13% interest in November 2015  DMP approval of title transfer pending  Located in northern Perth Basin, on trend with multiple oil & gas discoveries  Prospective for both oil & gas  Three prospects identified, all updip from EP437 Dunnart‐1 & 2 wells  Pro

  10. Slide 10: Portfolio Prospective Resources

    Portfolio Prospective Resources For personal use only Permit Oil/Gas Low Case Best Case High Case WA-507-P Oil 604 MMBbl 1,581 MMBbl 3,600 MMBbl WA-507-P Gas 4,030 Bscf 10,047 Bscf 21,099 Bscf WA-503-P Oil 25 MMBbl 68 MMBbl 180 MMBbl EP416/480 Gas 90 Bcf 270 Bcf 600 Bcf EP437 In progress Notes: 1. A

  11. Slide 11: Summary

    Summary For personal use only  Asset portfolio provides exposure to three potential company‐making projects  Diversity in asset base – onshore & offshore, oil & gas  Presently focused on conventional reservoirs only  Low work commitments  Operatorship provides important degree of control  Movi

  12. Slide 12: 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,

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