WA DMP Approves Pilot Energy's Farm-in to 2 Perth Basin Exploration Permits

Pilot Energy Ltd. revealed Wednesday that the Western Australian Department of Mines & Petroleum (DMP) has approved the transfer of title and operatorship to the Company pursuant to its agreement with Empire Oil & Gas NL (Empire) to farmin to the EP416 and EP480 exploration permits (EP416/480) in the Perth Basin, Western Australia.

The working interests in EP416/480 are now as follows:

  • Pilot Energy Ltd. - 60 percent (Operator)
  • Empire Oil & Gas - 40 percent

Pilot Energy is presently finalizing its interpretation of the aero-geophysical survey acquired over the permits by Empire during 2015, and will provide a prospectivity update in due course.

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