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BRIEF-Pilot Energy Ltd updates on settlement with Royale Energy

Published 28/09/2015, 09:02 am
© Reuters.  BRIEF-Pilot Energy Ltd updates on settlement with Royale Energy
PGY
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Sept 28 (Reuters) - Pilot Energy Ltd PGY.AX :

* Says settlement with Royale Energy

* Will assign its 30% working interest in the western block leases to Royale Energy, in return for payment of up to US$500,000

* Says executed a deed in relation to parties' dispute regarding the western block project, located north slope Alaska

* Pilot energy to exit Alaska

* Source text for Eikon (http://bit.ly/1GaYCgO)

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