Feb 27 (Reuters) - Pilot Energy Ltd PGY.AX :
* PGY EXPECTS TO CONTINUE TO HAVE NEGATIVE OPERATING CASH FLOWS FOR NEXT QUARTER
* COMPANY HAS ADEQUATE CASH BALANCES TO MEET ITS COMMITMENTS FOR FEBRUARY AND MARCH 2019
* COMPANY HAS ADEQUATE CASH BALANCES TO MEET ITS COMMITMENTS FOR FEBRUARY AND MARCH 2019
* COMPANY IS PLANNING TO CARRY OUT ADDITIONAL CAPITAL RAISING IN MARCH/APRIL 2019 TO ENSURE SUFFICIENT FUNDS FOR 2019
* PGY EXPECTS TO BE ABLE TO CONTINUE ITS OPERATIONS AND TO MEET ITS BUSINESS OBJECTIVES
* PGY HAS ALREADY MADE MOVES TO MINIMISE ITS CASH OUTFLOW BY CURTAILING NON-ESSENTIAL ACTIVITIES
* PGY IS IN DISCUSSIONS WITH A POTENTIAL INVESTOR REGARDING PROVISION OF ADDITIONAL FUNDING TO SUPPORT ONGOING OPERATIONS OF COMPANY