seaclem-1 - p&a

NEW SEACLEM-1 AND PEP11 UPDATE

Advent Energy and its joint venture partner Bounty Oil & Gas (ASX: BUY)
confirm intent to progress exploration in PEP11 following the securing of
information from the first well program.
Future intentions include conducting detailed seismic investigation and
further exploration drilling.
Advent Energy has provisionally increased its interest in PEP11 to 85%
pending formal notifications to joint venture partner Bounty Oil & Gas.