Pivotree and Molyoil partner under Global Referral Agreement

For Immediate Release

Highlights

  • Molyoil Pty Ltd (MOLYOIL) is a specialist oil and gas consultancy based in Perth, Australia.
  • MOLYOIL Principal, Stephen Molyneux, has 34 years’ experience in all major oil and gas markets with long standing relationships with many potential customers of PIVOTREE.
  • This Non-Exclusive Referral Agreement leverages Mr Molyneux’s global network for mutual benefit.

Perth, Western Australia – 01-Aug 2022 – Pivotree Pty Ltd (PIVOTREE) is very pleased to announce it has secured the services of Molyoil Pty Ltd, the consulting business of Mr Stephen Molyneux (“Mr Molyneux”), as a global referrer via a non-exclusive agreement (“Agreement”) to significantly expand its exposure globally. The Agreement builds on the significant market opportunity for Pivotree’s solution to unlock stranded and marginal oil and gas fields.

Mr Molyneux is a senior executive with over 30 years of experience as an exploration geologist in the Oil and Gas Industry (O&G).  Stephen has worked in all the major oil and gas regions globally, and has advised a wide range of oil and gas exploration and operating companies from large to small. His discoveries span all major O&G markets and resulted in billions of dollar in revenue and capital growth.

In August 2022, PIVOTREE formalise an informal working relationship with MOLYOIL, by executing a non-exclusive agreement to work together to explore the global market for the Pivotree technology with owners and operators of stranded or marginal offshore oil and gas fields.

Under the Agreement, MOLYOIL will market PIVOTREE’s offerings to his extensive network of trusted contacts. Mr Molyneux’s contacts and relationships with various government, regulatory, and industry bodies, will also be leveraged to build awareness and acceptance of PIVOTREE’s groundbreaking technology. The Agreement does not provide for a minimum term and will continue in perpetuity.

Pivotree CEO, Chris Merrick, said: “We couldn’t be happier working with Steve and are proud to formalise this highly productive working relationship. Given the depth and breadth of his network, Steve’s appointment is a real win for Pivotree. He is well-known and highly respected in the industry, which aligns perfectly with and attests to our company values.

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.

About Molyoil Pty Ltd (Mr Stephen Molyneux)

Mr Molyneux has 34 years’ experience as a geologist either in-house or advising oil and gas companies. His discoveries span all major O&G markets and resulted in billions of dollar in revenue and capital growth.

For more information about Mr Molyneux’s expertise and experience, please visit his LinkedIn profile.

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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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