PILOT ENERGY LIMITED — Capital/Financing Update 2014

Jun 18, 2014

ASX ANNOUNCEMENT

19 June 2014

RAMPART ENERGY INITIATES STRATEGIC PARTNERING PROCESS

Rampart Energy Ltd (“Rampart” or “the Company”) (ASX: RTD) is pleased to announce the appointment of ROTH Capital Partners LLC (“ROTH”) as advisor in relation to its Strategic Partnering Process. This process has been initiated to identify and secure a suitable partner to fund the forthcoming two-well exploration program in the Company’s Western Block, onshore North Slope of Alaska.

ROTH Capital Partners LLC, is a relationship-driven investment bank focused on serving emerging growth companies and their investors. As a full-service investment bank, ROTH provides capital raising, M&A advisory, analytical research, trading, market-making services and corporate access. Headquartered in Newport Beach, CA, ROTH is privately-held and employee owned, and maintains offices throughout the U.S. and Hong Kong. For more information on ROTH, please visit www.roth.com.

Rampart Energy Managing Director, Torey Marshall commented , “ The appointment of ROTH Capital Partners is an important step towards achieving our stated goal of funding the high-impact, two-well Western Block program planned to commence in January 2015. The ROTH team has excellent industry connections and experience, and we look forward to working closely with them over the coming months to bring a quality partner to the project .”

Background

Rampart Energy’s recently completed Western Block “Big Bend” 3D seismic survey identified a number of prospects that are currently under evaluation. One particular prospect is areally extensive and a leading candidate for drilling by one of the two wells planned for the forthcoming 2015 drilling season. An independent Prospective Resources estimate is currently being completed for the prospect.

Rampart Energy has the option to increase its working interest in the Western Block from 30% to 75% by funding the two wells. The drilling program will qualify for significant rebates under the Alaskan ACES scheme, and the Company’s $50 million ACES credit facility with Melody Business Finance LLC is available to fund the majority of the upfront capital cost.

Enquiries

Australia David Brook, Market Eye, Tel: +61 415 096 804, Email: david.brook@marketeye.com.au

USA Jay Morakis, M Group Strategic Communications Tel: +1 212 266 0191, Email: jmorakis@mgroupsc .com