Advance Energy PLC - Isle of Man-based upstream oil and gas company - Says the conductor at the Buffalo-10 well in offshore Timor-Leste has been installed and cemented in place. Adds that a hole has been drilled down to a planned section total depth of around 804 metres measured depth. Says that the rig is setting and cementing the casing and installing the wellhead. Explains that the well is being drilled to test for the presence of commercial quantities of high-quality light oil.
Current stock price: 3.70 pence
Year-to-date change: down 11%
By Abby Amoakuh; abbyamoakuh@alliancenews.com
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