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)