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AIM:ADV FRA:BZPA

Advance Energy PLC

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Market:
AIM
Market Cap:
£3.08 m
Price
3.00 GBX
Change
-3.26%
52 weeks high
3.80
52 weeks low
1.62

In brief

Advance Energy is an international upstream oil and gas company with a differentiated strategy. The experienced board and management team seek equity interests as a non-operator by acquisition or farm-in, working with established operators to unlock hidden value in discovered oil and gas assets. In early 2021, the company completed a farm-in to the Buffalo PSC offshore East-Timor, a proven oil field with material undeveloped resources, and the potential to deliver 40,000 bopd gross production following successful appraisal drilling, scheduled to occur in late 2021.  The company hopes to deliver more than one further, material acquisition within 2021.

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