Ann: Pilot to Pursue Development of Offshore Wind Project, page-24

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01/10/20

21:41

Post #: 47790833
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Originally posted by bevter: ↑

Geez, stick to O&G. Windfarms not my scene. Subsidies drying up.

Pilot Energy Limited (ASX: PGY) (“Pilot” or the “Company” is pleased to announce that it is commencing a

detailed feasibility study to pursue the development of an offshore wind and onshore wind and solar power

project to be located along the offshore/onshore coast of the Mid West Region of Western Australia (the “Mid

West Wind and Solar Project” or the “Project”.

Highlights

• Project aimed at taking advantage of well-recognized, world-class wind and solar resources of and the

large new onshore gas discoveries in the North Perth Basin and Mid West Region of Western Australia

• Focus is on the potential development in the area of Offshore Exploration Permit WA-481-P (60%-

owned and Operated by Pilot) and connecting into the electricity transmission facilities of the South

West Integrated System

• Geoscience Australia has also consistently rated the Mid West Region as being highly suitable for the

production of both green and blue hydrogen across multiple scenarios

• The study will also assess the viability of supplying energy for hydrogen production for domestic use

and/or for export taking advantage of existing nearby gas supply and infrastructure

• Study to also focus on looking for opportunities to utilize existing facilities, easements both offshore

and onshore to simplify the overall development and reduce footprint of the Project

• Globally, investment in off-shore wind power projects has boomed, with a particular emphasis on

accessing existing offshore and onshore gas infrastructure in the overall development in order to deliver

enhanced project returns.

• While Pilot intends to own 100% of the Project at the feasibility stage, Pilot regards the Project as having

the potential to attract strategic co-investors, should the feasibility study demonstrate its economic

potential.

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Bevter Hello and Thank you for your analytical comment. I am investing in Australian small caps since last July.
I am Greek and live in Helsinki , Finland.

I understand only fundamentals and microeconomics. I found your text very interesting .
If you allow me , i would ask your opinion about other Australian oil exploration companies . If you could just name a few i coul make my own research and decide which is the proper one for me.
Kind regards from Helsinki, Finland.

PGY Price at posting: 3.5¢ Sentiment: None Disclosure: Not Held
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