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BPH ENERGY LTD — Board/Management Information 2021
Mar 7, 2021
64555_rns_2021-03-07_cb58ddd5-93c3-4a03-a1e3-cd1beaf0fc65.pdf
Board/Management Information
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8 March 2021
ASX Limited 10[th] Floor, 20 Bridge Street Sydney NSW 2000
INVESTEE ADVENT ENERGY GROUP APPOINTS DRILLING MANAGER
Further to the announcement on 12 January 2021 by BPH Energy Limited’s (ASX: BPH) ( BPH or the Company ) whereby investee Advent Energy has signed a Preliminary Well Services Agreement with Add Energy relating to the preparation for drilling of the Baleen well in offshore licence PEP11, Add Energy will deliver phased approach services to Advent Energy for the preparation and drilling of the Baleen Well PEP11.
In the first stage of the phased approach, Add Energy will provide technical support in the following areas:
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Review of current well design documentation.
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Develop a suitable well design and cost estimates.
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Develop drilling schedule and define a ready to drill tentative window.
As part of the initial phase, a scope review gap analysis will be performed to determine how much work / time will be required to deliver the scope. That being the case, given that Advent Energy are still in the pre-approval stage of the license suspension and extension, the scope will be up to 20 days.
David Breeze (Director) authorised the release of this announcement to the market.
Yours sincerely
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David Breeze Chairman
About Advent Energy Ltd
Advent Energy Ltd is an unlisted oil and gas exploration company held by major shareholders BPH Energy (ASX: BPH), Grandbridge and MEC Resources (ASX: MMR) Advent holds a strong portfolio of near-term development and exploration assets spanning highly prospective acreage onshore and offshore Australia in proven petroleum basins. Advent Energy’s asset base also incorporates both conventional and unconventional petroleum targets.
BPH Energy Ltd ACN 095 912 002 PO Box 317, North Perth, Western Australia 6906 14 View Street, North Perth, Western Australia 6006 [email protected] www.bphenergy.com.au T: +61 8 9328 8366 F: +61 8 9328 8733