Pilot Energy - WA-481-P Update

Pilot Energy - WA-481-P Update

Pilot Energy (ASX:PGY) has welcomed a decision by Key Petroleum to exercise its option to acquire a 40% working interest in its recently acquired WA-481-P exploration permit in the offshore Perth Basin. Pilot will be operator of the permit and retain a 60% working interest. The assignment to Key is conditional upon completion of the acquisition by Pilot and regulatory approval by the National Offshore Petroleum Titles Administrator.


Pilot Energy Ltd (the Company, ASX:PGY) wishes to announce that Key Petroleum Ltd (Key, ASX: KEY), has exercised its option to acquire a 40% working interest in the recently acquired WA-481-P exploration permit, pursuant to the cooperation agreement between the Company and Key.

The assignment to Key is conditional upon completion of the acquisition by Pilot Energy and regulatory approval by the National Offshore Petroleum Titles Administrator (NOPTA). Pilot Energy will be Operator and retain the remaining 60% working interest.

The Company will make further announcements in due course regarding the technical merits of WA- 481-P and the regulatory approval process.

To view the full announcement click here.

Pilot Energy - June 2016 Quarterly Report

Pilot Energy - June 2016 Quarterly Report

Tins rattling and drills turning

Tins rattling and drills turning