BPH Energy Limited (ASX:BPH) Advent Contributing to Net Zero - Baleen Well Objectives
Advent Contributing to Net Zero - Baleen Well ObjectivesPerth, Feb 9, 2021 AEST (ABN Newswire) - BPH Energy Ltd (
ASX:BPH) (BPH or the Company) has released commentary by its investee company, Advent Energy Ltd (Advent) on recent press coverage.
In commenting on the recent press commentary on plans to explore for gas on the NSW continental shelf David Breeze, Chairman of Advent Energy, affirmed Advent s position on Net Zero and provided detail on the Baleen well drilling objectives saying:- Advent Energy is a strong supporter of plans for Net Zero by 2050 and sees the company playing a direct role in achieving that target, especially in New South Wales. It aims to do this in two ways: First, by finding gas closest to Australia s biggest domestic energy market; gas which can be used to provide reliable back-up for increased uptake of renewable energy in NSW. Second, through its plans
BPH Energy Limited (ASX:BPH) Quarterly Activities Report
ASX:BPH) and its investees activities during the December 2020 quarter were as follows:
Equity
Subsequent to shareholder approval received at the Company s General Meeting held on 11 December 2020:
- 14,993,750 free attaching options to a July 2020 share placement with an exercise price of $0.05 per share and an expiry date of 29 July 2022 were issued. The lead manager to the share placement was also issued 2,000,000 listed options on the same terms.
- 13,502,467 shortfall shares (representing $202,537) together with 6,751,235 free attaching options under the August 2020 2 for 5 non-renounceable rights issue at $0.015 per share together with one free attaching option with an exercise price of $0.05 per share and an expiry date of 29 July 2022 for every two shares subscribed for, were issued in extinguishment of amounts owed to directors. A further 2,599,880 shares (representing $38,398) in shortfall shares to
BPH Energy Limited (ASX:BPH) Advent Energy Preliminary Well Services Agreement
Advent Energy Preliminary Well Services AgreementPerth, Jan 13, 2021 AEST (ABN Newswire) - BPH Energy Ltd (
ASX:BPH) wishes to advise its investee company, Advent Energy Ltd (Advent) through its wholly owned subsidiary Asset Energy Pty Ltd (Asset), has signed a Preliminary Well Services Agreement (Agreement) with Add Energy (https://addenergy.no).
Under the Agreement Add Energy will initiate a review of rig availability and engagement terms for the Baleen well program. Add Energy will also develop a scope of supply for regulatory and environmental compliance and review the drilling campaign schedule including a review of the program for geosequestration drilling research as part of the Baleen drill project.
BPH Energyâs investee Advent closer to drilling Baleen gas target, carbon capture and storage research
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BPH Energyâs (ASX: BPH) investee Advent has inked a preliminary well services agreement with a global specialist to look at engaging a rig for the Baleen prospect which is part of its PEP-11 gas permit in offshore New South Wales.
Under the well services agreement, Norway-headquartered Add Energy will review rig availability and engagement terms for the proposed Baleen exploration program.
Add Energy will also develop a scope of supply for regulatory and environmental compliance and review the proposed drilling schedule.
In readiness for the proposed drilling, Advent has submitted an application with the National Offshore Petroleum Titles Administrator, which is currently in the âfinal decision phaseâ.
BPH Energy Limited (ASX:BPH) Investee Advent Energy Appoints Eminent Scientist
Investee Advent Energy appoints eminent ScientistPerth, Dec 14, 2020 AEST (ABN Newswire) - BPH Energy Ltd (
ASX:BPH) investee Advent Energy Ltd is pleased announce the appointment of Professor Peter Cook as an advisor on geosequestration (the geological storage of carbon dioxide) for its project in the Offshore Sydney Basin.
Professor Peter Cook is an eminent Australian and international earth scientist. He is a leader in the development and application of carbon capture and storage (CCS) technologies and has published more than 30 papers and articles on greenhouse gas technologies, including the books Clean Energy Climate and Carbon and Geologically Storing Carbon and was an IPCC Co-ordinating Lead Author. He first drew attention to Australia s CCS opportunity more than 20 years ago, then going on to establish national CCS programs and research facilities through the Petroleum CRC and the