ADVANCE ENERGY LIMITED Cazares#2 Wolfcamp Recompletion
ASX CODE: AVD www.advanceenergyltd.com.au
ASX ANNOUNCEMENT
13
th
November 2009
Cazares#2 Wolfcamp Recompletion
Advance Energy Limited is pleased to announce the commencement of the recompletion
of the Cazares#2 well in the Wolfcamp formation.
This well, in the Mother Lode Phase 1 Project, was producing until July 2009 when a hole in
the casing developed. The recompletion has been designed with the aim of increasing
initial production significantly above pre-July levels. The recompletion commences a
program of production enhancements of Advance's Permian assets further details of
which will be provided as they are undertaken.
FOR FURTHER INFORMATION CONTACT
Mr Anthony Short (Managing Director) or Mr David Ballantyne (Company Secretary)
Telephone: 08 9486 1122
Facsimile: 08 9486 1011
ABOUT ADVANCE ENERGY LIMITED
Advance Energy Limited is focused on the acquisition and development of oil and gas
producing assets in Texas USA. The company aims to acquire assets with a combination of debt
and equity that have current production and cash flow and to enhance production and cash
flow through the further development of these assets. Once a property has reached its full
productive potential and/or has achieved economic payout to Advance Energy, the
Company looks to on sell all or part of its interest. It is the aim of the Company to develop a
portfolio of assets which will be developed and traded to maximise returns on funds invested.
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