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ADVANCE ENERGY LIMITED

ASX: AVD

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Description

Exploration and production company Advance Energy Ltd (AVD) has a team with over 30 years' combined experience in acquiring and optimising international oil and gas assets. Focusing on established fields in Texas, USA that are close to existing infrastructure, AVD buys underperforming assets and re-evaluates existing data to identify untapped recoverable reserves.

Martin County

Motherlode Project

Advance Energy Limited's retains a 30% working interest in the Mother Lode Project located just north of Midland, Texas, in the north-central portion of the Midland Basin. The project covers 250 square miles of 3-D seismic data located in the northern part of Midland County, the central portion of Martin County, and the southern part of Dawson County. To date, there have been 18 wells drilled on prospects generated from this project and 17 have been completed as producers for a success rate of 94%.

Mine For

oil, gas

Location of operation(s)

USA

Address

Level 1, 12 Kings Park Road,
WEST PERTH, WA, AUSTRALIA

Phone

+61 8 9226 4500

Email

Website


Last Updated

10/08/2014

 

The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.