Pilot has received a confidential and incomplete non-binding, indicative proposal from a foreign state-
owned enterprise with an investment grade rating of BBB+ to acquire a meaningful minority
interest in the Cliff Head Carbon Storage Project. The proposal is consistent with the
Company’s commercial expectations regarding joint venture participation in this project. Pilot
believes the proposal is well advanced and could be finalised. However, the Company
acknowledges there is no certainty or assurance that any such proposal will result in a binding
transaction. The Company is continuing to engage with the counter party and will provide
further information to the market when appropriate under its continuous disclosure
obligations.
PGY Price at posting:
0.7¢ Sentiment: Buy Disclosure: Held
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