EXPLORATION

Advent lures Sydney Basin partner

ADVENT Energy has completed an agreement that will see private Perth-based firm RL Energy farm into its large offshore New South Wales prospect PEP11 it shares with Bounty Oil and Gas in return for completing seismic work to de-risk the prospect ahead of finding a drilling partner.

Advent lures Sydney Basin partner

Advents subsidiary Asset Energy currently holds 85% of the block and Bounty 13.5% and RL will earn a 10% share to start, with the option to take up to 60% of the block depending on how much work it completed. ...

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