document: Advent is looking into farming-down its 85% equity held by its Asset Energy sub in PEP 11, 4,574 sq km offshore in the Sydney Basin, in exchange for funding of drilling in relation to a gas devt project. The farmin % is thought to be negotiable, current partner Bounty O&G.   Equity is also thought to possibly be available in RL 1, 165 sq km offshore in the Bonaparte Basin. Contact: David Breeze, email david@bphenergy.com.au.
summary: Advent is looking into farming-down its 85% equity held by its Asset Energy sub in PEP 11, 4,574 sq km offshore in the Sydney Basin, in exchange for funding of drilling in relation to a gas devt project. The farmin % is thought to be negotiable, current partner Bounty O&G. 