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'.