CARNARVON Petroleum’s Buffalo farminee Advance Energy is raising the capital needed to drill Buffalo-10 in the Timor Sea, which is targeting an oil attic the Perth company is hoping was left behind by BHP some years ago.
Buffalo field
Early this century the field was producing 50,000 barrels a day and from 1999 to 2004 produced 20.5 million barrels of oil. Advance will take a 50% share in the permit via acquisition of 50% of...
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