Advance Energy (LON:ADV) presenting at the Proactive One2One Virtual Forum
Advance Energy (LON:ADV) presenting at the Proactive One2One Virtual Forum
Advance Energy (LON:ADV) presenting at the Proactive One2One Virtual Forum
29th April 2021
The Company was originally incorporated in September 2006 and announced its launch as Advance Energy in February 2020 with a new Board and strategy. The first transaction of this new strategy was the acquisition of a 50% interest in the Buffalo Oil Field in East Timor operated by Carnarvon Petroleum, a proven producing field with 2C contingent resources of 34 MMstb, and potential for gross peak production rate of 40,000 bopd based on the field’s previous production performance. The Company’s main focus is now on growth through acquisition or farm-in to non-operated interests in upstream projects where there is an opportunity to add significant value in the short to medium term.
UK TRADING UPDATE SUMMARY: Polar Capital Adds GBP1.2 Billion To Assets
Thu, 17th Dec 2020 19:37
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:
Reach PLC - newspaper, magazine and digital publisher - Notes over 5 million customers have now registered with Reach across its online newsbrands, newsletters, hyperlocal site InYourArea, and other websites. Fourth quarter digital revenue performance is on track to be the highest on record, and expected to exceed 20% year on year growth. Chief Executive Jim Mullen says: With customer registrations significantly ahead of our initial target at 5 million, and our digital revenues continuing to go from strength to strength, we are now focused on the next phase of our strategy, which will utilise enhanced data and insights with the Reach ID being key to that.
Timor Leste: Carnarvon farms out Buffalo field redevelopment
17 Dec 2020
Carnarvon is progressing with its plans to drill the Buffalo-10 well,targeting 2H2021.
AIM listed Advance Energy Plc to join the PSC and fund up to 100% of well cost for up to 50% equity
Advance Energy’s equity position in the PSC to be finalised by end March 2021
Project development coststo be covered by third party and Advance Energy loan funding
Carnarvon to remain as operatorfor all activity
The Buffalo-10 well will target attic oil and will be completed as a production well
Carnarvon Petroleum has entered into a binding agreement with