DR MOLYNEUX REFLECTS ON SEAPEX, SINGAPORE

For Immediate Release

Highlights

  • Dr Stephen Molyneux, Pivotree’s Special Advisor Geology & Global Referrer, presented on behalf of Pivotree at SEAPEX APSC (“Asia Pacific Scout Check”) and Technical Forum in Singapore Friday 12th April 2024.
  • SEAPEX the South East Asia Petroleum Exploration Society, is a non-profit organisation whose objective is to advance the science of geology and related Earth Sciences, with particular emphasis on petroleum and natural gas exploration, development and production in Asia-Pacific.
  • Dr Molyneux’s presentation was well received and attracted numerous questions and approaches from the audience during the networking break.

SEAPEX is an important technical forum reaching out to a wide and diverse audience of energy industry stakeholders.

The event attracted a broad audience of people interested in the Energy Transition’s impact on the oil and gas industry, but importantly also allowed for showcasing and marketing of opportunities and exploration assets/prospects.

Dr Molyneux presented on the Pivotree technology and hydrocarbon field production system – a new, lowest CAPEX, Oil, Gas and CCS development solution for marginal and stranded fields in 50-500m water depths. Pivotree has also licensed its technology to Sea-Quester Offshore (www.sea-quester.com.au), for use in offshore carbon sequestration.

Following the presentation, Dr Molyneux was approached by numerous exploration, operating, and related services companies, as well as government representatives, who took interest in the Pivotree technology.

Reflecting on his time at SEAPEX, Dr Molyneux said, “Word is certainly spreading about the Pivotree technology compared to a few years ago. It was evident from the questions after the Pivotree presentation how much interest there is from companies from a range of different countries. The SEAPEX Technical forum was only one day, and it was a shame to finish when it did, as the questions just kept coming on Pivotree for the development of smaller, oil gas and CCS projects.”

About Dr Stephen Molyneux

Dr Molyneux has been part of several successful oil and gas exploration teams that have found greater than 5 billion barrels of oil and gas since 1989 to present – Enterprise, PanCanadian, Oilexco, Premier, Origin, Carnarvon. He now consults for various companies as a technical advisor for oil and gas exploration in Australia and beyond: Harvester Energy, Pivotree, 3DOil, Origin, Beach, NZOG, MGPalaeo to name a few. Stephen also chairs the Australia Oil and Gas Scout Group where the industry communicates on energy company matters every 3 months and also co-manages the Basins Workshop, an annual Australia wide Petroleum Systems workshop involving up to 50x 10-minute talks, held in early December each year. He is best recognised for his contributions as Exploration Manager at Carnarvon Petroleum in the discovery of the new Middle Triassic Petroleum System offshore WA as encapsulated by the Dorado oil and gas discovery in 2018.

For more information about Dr Stephen Molyneux, please visit his LinkedIn profile.

About SEAPEX

SEAPEX, the South East Asia Petroleum Exploration Society, is a non-profit organisation with the following objectives:

  • To advance the science of geology and related Earth Sciences, with particular emphasis on petroleum and
  • natural gas exploration, development and production in Asia-Pacific;
  • To foster the spirit of scientific research throughout its membership;
  • To promote technologies for finding, developing and producing hydrocarbons;
  • To disseminate information relating to petroleum geoscience;
  • To inspire a high standard of professional conduct on the part of its members; and
  • To act as a body to improve the awareness of oil and gas industry issues in the community.

SEAPEX is based and registered in Singapore and currently has currently has over 700 worldwide members.

For more information about SEAPEX, please visit https://www.seapex.org/what-is-seapex/.

About Pivotree Pty Ltd

Pivotree Pty Ltd is a technology company based in Perth, Western Australia. The company specialises in low-cost, low-risk, agile energy production and carbon storage technologies, with a mission to accelerate the global transition to a sustainable and low-carbon energy system.

For more information about Pivotree Pty Ltd and its innovative technology, please visit www.pivotree.com.au.

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This announcement is authorised for release by Marcus Christian, Executive Director, Pivotree.

For further information please contact:

Marcus Christian, Executive Director

mpchristian@pivotree.com.au

Forward Looking Statements

Statements contained in this release, particularly those regarding possible or assumed future performance, revenue, costs, dividends, production levels or rates, prices, or potential growth of Pivotree are, or may be, forward looking statements.  Such statements relate to future events and expectations and, as such, involve known and unknown risks and uncertainties.  Actual results and developments may differ materially from those expressed or implied by these forward-looking statements depending on a variety of factors.

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