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IN BRIEF: Advance Energy completes purchase of 50% stake in Carnarvon

Mon, 19th Apr 2021 12:15

Advance Energy PLC - upstream oil and gas company - Completes acquisition of 50% interest in Carnarvon Petroleum Timor Unipessosal Lda in the form of a reverse takeover. Carnarvon Petroleum Timor holds a 100% working interest and is the contractor for the Buffalo PSC, offshore Timor-Leste. Says acquisition was funded with the net proceeds of a GBP21.8 million share placing held earlier this month.

By Zoe Wickens; zoewickens@alliancenews.com

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ADV.L Share News (ADV)

IN BRIEF: Advance Energy completes purchase of 50% stake in Carnarvon

TRADING UPDATES: Everyman sees post-lockdown demand; Safestyle profit

TRADING UPDATES: Clinigen signs Copiktra deal; Alien "really pleased"

Advance Energy makes progress with Buffalo-10 well

TRADING UPDATES: Serica's Rhum starts production; XLMedia buys in US

Advance Energy signs rig contract for Buffalo-10 well

IN BRIEF: Advance Energy notes Buffalo-10 well to be drilled in 2021

Advance Energy confirms drilling plans for Buffalo-10

AIM WINNERS & LOSERS: Pantheon falls after Alaska drilling results

IN BRIEF: Advance Energy set to snap up 50% of Buffalo contractor

AIM WINNERS & LOSERS: Touchstone shares tumble on Chinook-1 results

IN BRIEF: Advance Energy Notes Petrofac Awarded Buffalo Asset Deal

Advance Energy confirms drilling contract on Buffalo field

IN BRIEF: Advance Energy Says Wessex Basin Licences Terminated

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