Adv L News Today : Breaking News, Live Updates & Top Stories | Vimarsana

19 April 2021 | 09:52am StockMarketWire.com - Energy company Advance Energy said it had completed the acquisition of a 50% stake in Carnarvon Petroleum Timor Unipessoal Lda. Carnarvon Petroleum Timor, hold a 100% working interest in, and is the contractor of, the Buffalo PSC, offshore Timor-Leste. Under market rules, the acquisition constituted a reverse takeover of the company. On admission - of the 840,100,000 placing shares used to fund the subscription by Advance Energy for equity in Carnarvon Petroleum Timor - completion of the Buffalo subscription agreement would become effective i...

15 February 2021 | 14:51pm StockMarketWire.com - Advance Energy provided an update on the Buffalo oil field, reporting that Carnarvon Petroleum has awarded a drilling management services contract to Petrofac for the B-10 appraisal well. The B-10 appraisal well is expected to be drilled in the second half of 2021, subject to funding, rig availability and government approvals. Advance Energy entered into a subscription agreement with Timor-Leste Petroleum, a subsidiary of Carnarvon, to obtain up to a 50% equity interest in Carnarvon Petroleum Timor in December. Carnarvon Petroleum holds a 10...