Pilot Energy Advances Carbon Storage Transition at Cliff Oil Facility

• NOPSEMA confirms completion of key well and pipeline securing activities under General Direction 1947
• Marine growth removal and integrity inspections of offshore pipelines and facilities successfully conducted
• Pilot Energy progressing repurposing of Cliff Oil infrastructure for carbon storage under Mid West Clean Energy Project
• Operational focus on right-sizing current activities and exploring near-term revenue opportunities using existing assets