Pilot Energy Limited · ASX:PGY
Pilot Energy — Shareholder Meeting (February 2025)
15 slides from Pilot Energy's shareholder meeting presentation, Feb 12, 2025
Slide 1: Annual General Meeting – Chairman & Managing Director Presentation
For personal use only Annual General Meeting 12 February 2025 Chairman & Managing Director Presentation Future Cliff Head Carbon Storage Project Site - Cliff Head A Platform looking back to onshore Arrowsmith Stabilisation Plant
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 CO2 Storage resources which is based on and fairly For per
Slide 3: Acknowledgement of Country
Acknowledgement of Country For personal use only We acknowledge the Traditional Custodians of the lands on which we meet today and their ongoing connection to lands, waters and communities. We pay our respect to their culture and to Elders past, present and emerging. Yamaji Drive Trail, Greater Gera
Slide 4: Vision
Vision Transform existing assets and infrastructure to deliver an integrated low-cost clean energy solution Existing Cliff Head Assets For personal use only 4 Annual General Meeting – Chairman & Managing Director Presentation | 12 February 2025
Slide 5: 2024 Highlights
2024 Highlights For personal use only 1st Award of Commonwealth G-12-AP $6.5 million Declaration of Greenhouse Gas Commonwealth Storage Assessment CCUS Grant Formation License Approval Project Completion of framework Mid West Clean agreement with Energy Project Korean Pre-FEED Consortium Arrowsmith
Slide 6: Current challenges
Current challenges For personal use only Funding to reach FID Uncharted regulatory pathways Cliff Head costs 6 Annual General Meeting – Chairman & Managing Director Presentation | 12 February 2025
Slide 7: Cliff Head Operations – Early end of production
Cliff Head Operations – Early end of production Early 2024 late life wells proving challenging • FY started with production expected to continue through mid-2025 For personal use only • CH-10 Suspended after workover issues (Sep-23) • CH-7 Offline due to downhole integrity (Nov-23) • CH-13 ESP Failu
Slide 8: Australian CO2 Storage Landscape
Australian CO2 Storage Landscape For personal use only 8 Annual General Meeting – Chairman & Managing Director Presentation | 12 February 2025
Slide 9: Global CCS Facilities In Operation
Global CCS Facilities In Operation Cliff Head CCS is a Global Top 10 CO2 Injection Capacity Project Carbon Dioxide Injection and Storage Capacity in million metric tons per year, 2021* Shute Creek Gas Processing Plant (United States) 7.0 For personal use only Century Plant (United States) 5.0 Petrob
Slide 10: Business case for emissions reduction through carbon storage
Business case for emissions reduction through carbon storage Significant revenue flows from investment in abatement versus operating cost incurred purchasing offsets For personal use only *https://www.cleanenergyregulator.gov.au/NGER/The-Safeguard-Mechanism/The-Safeguard-Mechanism-for-financial-year
Slide 11: Carbon Storage Project – FEED to FID
Carbon Storage Project – FEED to FID Commencing FEED for Carbon Storage Project in Q3 CY2025 to reach FID in CY2026 CLIFF HEAD CARBON STORAGE PROJECT CLIFF HEAD CARBON STORAGE PROJECT For personal use only VALUE OF EXISTING FACILITIES CONVERSION COST BREAKDOWN Project Development & Seismic 7% Wells
Slide 12: Capitalisation – pathway to coming out of suspension
Capitalisation – pathway to coming out of suspension Focussed capitalisation plan for CY2025 Key initiatives going forward to build shareholder value For personal use only • Board building with newly appointed directors • Capitalisation built on existing investor support • Secure sustainable arrange
Slide 13: The Road ahead
The Road ahead For personal use only Regulatory Secure Partners/ Complete Cliff Head Complete Project FID Cliff Head Carbon Approvals Customers acquisition Project FEED Storage transition Declaration of Storage Finalising Joint Conclude during 2025 Pre-FEED completed Carbon Storage Commence from Jul
Slide 14: Key Next Steps
Key Next Steps Over the next 12-18 months Pilot will be focused on the activities to deliver the Cliff Head Carbon Storage Project Corporate For personal use only • Conclude arrangements with prospective project partners & customers • Secure and implement extended capitalisation plan • Conclude corp
Slide 15: Contact Details
Contact Details For personal use only Pilot Energy Limited Suite 2, Ground Floor 100 Havelock Street West Perth WA 6005 www.pilotenergy.com.au Brad Lingo Nick Watson Jonas Jacobsen Executive Chairman GM Corporate Development Project Development Director blingo@pilotenergy.com.au nwatson@pilotenergy.