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Advance Energy plc: Buffalo-10 Drilling Update
Home / Client News / Advance Energy plc: Buffalo-10 Drilling Update

Advance Energy plc (AIM:ADV), the energy company seeking growth through acquisition or farm-in to non-operated interests in discovered upstream projects, is pleased to announce the following Buffalo-10 drilling update provided by Carnarvon Petroleum Limited (“Carnarvon”) (ASX:CVN).


·    Buffalo-10 well is planned to be drilled in the fourth quarter of 2021

·    Advance Energy’s payment of US$20 million to acquire a 50% interest in the Buffalo PSC will be utilised for the drilling of the Buffalo-10 well

·    Procurement of long lead equipment has commenced and is progressing well

·    The tender process for a drilling rig is nearing completion


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