Advent Energy was formed in 2004 and is an unlisted oil and gas exploration and production company based in Perth, Western Australia. Advent has assembled an attractive portfolio of assets both on and offshore Australia that have had an estimated $126 million spent on historic exploration. All permits are located next to a ready market and/or excellent infrastructure, thereby maximising Advent’s ability to optimise any resources. Included in the portfolio is: • Petroleum Exploration Permit 11 in the offshore Sydney Basin. This permit has been assessed to contain up to 13.2 Tcf (P50 or 'best estimate' level) prospective recoverable gas resources adjacent to the major population region of Sydney and excellent port and power generation infrastructure. • Retention Lease 1, and Exploration Permit 386, in the OnshoreBonaparte Basin.
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