Advance Energy (LON:ADV) presenting at the Proactive One2One Virtual Forum

Advance Energy () 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.