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Advance Energy 'really pleased' to complete Buffalo acquisition after 'such an unprecedented year' Advance Energy PLC's (LON:ADV) Leslie Peterkin talks to Proactive London about the completion of the acquisition of an interest in the Buffalo PSC, offshore Timor-Leste. The transaction, which constitutes a reverse takeover, sees the company acquire a 50% stake in the Carnarvon Petroleum Timor vehicle which owns 100% of the Buffalo PSC. Peterkin says having completed this deal after 'such an unprecedented year' is 'testament to Advance's track record'. Quick facts: Advance Energy PLC Price: ...

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...