Advent Energy Advances Seablue-1 Exploration Preparations

Bounty Oil & Gas NL (AU:BUY) has released an update.

BPH Energy’s investee, Advent Energy, has proactively engaged Klarite Pty Ltd for environmental management of the anticipated Seablue-1 exploration well in PEP 11, in alignment with government strategies emphasizing the importance of new domestic gas supplies. Klarite, an environmental consultancy, will develop processes assessing environmental impacts and facilitate consultations, as Advent aims to expedite drilling to contribute to the transition to net zero by 2050. The initiative is supported by the Federal Government’s Future Gas Strategy, which underscores the need for optimizing gas production to meet domestic demands.

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