Advance Energy PLC (AIM:ADV, FRA:BZPA) CEO Leslie Peterkin joined Proactive's Stephen Gunnion with news that the company signed a formal rig contract with Valaris Limited. Peterkin telling Proactive that the contract brings Advance one step closer to the drilling of the Buffalo-10 well which is on track to commence in 8-10 weeks.
Peterkin says the joint venture with Carnarvon Petroleum has contracted a first-class rig that is arriving hot from its current activities which ought to support the safe and efficient drilling of the Buffalo well.