Pilot Energy Boosts WA-481P Resources and Secures $7.4M to Advance Cliff Head Acquisition

• WA-481P Leander gas prospect resources increased to 1,116 Bcf and 66 million barrels of oil prospects
• Board renewal completed with new chairman Greg Columbus and two non-executive directors appointed
• Revised vendor financing terms agreed to acquire 100% of Cliff Head Oil Joint Venture from Triangle Energy
• Successful $7.4 million capital raising via equity placement and convertible notes