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IN BRIEF: Advance Energy's Buffalo-10 drilling delayed by rig handover

Mon, 13th Dec 2021 21:41

Advance Energy PLC - upstream oil and gas company - Drilling of the Buffalo-10 well, offshore Timor-Leste has been delayed due to the handover of the Valaris JU-107 jack-up rig being expected to take place in late December, instead of mid-December as previously expected.

"These delays are part and parcel of the industry, and we look forward to a successful handover in late December. Our excitement for the well continues to grow as we get closer to unleashing the value of the Buffalo Project," says Chief Executive Officer Leslie Peterkin.

Current stock price: 3.98 pence

Year-to-date change: up 53%

By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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