Pilot Energy has advised that the West Australian Department of Mines & Petroleum has approved the transfer of title and operatorship to the Company pursuant to its agreement with Empire Oil & Gas to farm-in to the EP416 and EP480 exploration permits.
The working interests in EP416/480 are now as follows:
Pilot Energy 60% (Operator);
Empire Oil & Gas 40%.
Pilot Energy is presently finalising its interpretation of the aero-geophysical survey acquired over the permits by Empire during 2015, and will provide a prospectivity update in due course.