AUSTRALIA

Advent talks up Permian potential

ADVENT Energy (85% and operator) isn't giving up on PEP 11, the only granted permit in the offshore Sydney Basin, with the company yesterday saying it sees similarities between Permian-aged oil and gas fields in Queensland and its Baleen prospect.

Haydn Black

Baleen, which was the PEP 11 joint venture's original favoured prospect before it was replaced by New Seaclem for drilling in late 2010, is once again considered the most likely target if Advent and its...

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