Pilot Energy Limited advised that the acquisition of 100% of the issued share capital in Royal Energy Pty Ltd. has completed in accordance with the Share Sale Deed between the Company and Royal Energy dated 25 September 2020. Pilot announced that with the Completion of the Royal Energy transaction, Mr. Tony Strasser (CEO and Managing Director, Royal Energy) will become the Managing Director of the Company, responsible for the overall day-to-day executive management of the Company. Mr. Brad Lingo will remain as Pilot's Executive Chairman and will focus specifically on driving the Mid West Wind and Solar Project. Mr. Strasser brings extensive oil and gas company leadership and management experience in both listed and unlisted oil and gas companies. He has a strong record of project management, having successfully led the first non- Exxon/BHP offshore FPSO development in the Bass Strait.