Advent Energy is planning to acquire a 2D seismic survey of approx. 200 kms over the Baleen Prospect in PEP11, offshore New South Wales. The survey is planned to commence on 9th April 2018. The survey will be conducted pursuant to an environment plan accepted by the National Offshore Petroleum Safety and Environmental Management Authority.  It is anticipated to take approx. 3-4 days, and will be undertaken at a location predominantly 30km southeast of Newcastle, NSW. A tie line to the New Seaclem-1 exploration well site, approx. 50km northeast of the main survey area, will also be undertaken for geological calibration of survey data.

Mobilisation of equipment and personnel to undertake the survey has commenced, with long lead items arriving on schedule. Operations will commence upon full mobilisation of all necessary personnel and equipment, and pending weather and sea state conditions.

Advent Energy holds an 85% interest in PEP11 and is the operator. Bounty Oil & Gas holds the remaining 15%.