Business
Completion of strategic review
Completion of strategic review.
About this update from Beacon Energy Plc
[{"type":"text","content":"\n \n \n RNS Number : 9209E\n Advance Energy PLC\n 04 March 2020\n \n \n \n \n \n 4 March 2020\n \n Advance Energy plc\n ('Advance' or the 'Company')\n Completion of Strategic Review\n \n Advance Energy plc (AIM:ADV) (formerly known as Andalas Energy & Power plc (AIM:ADL)) is pleased to present a new strategy for the Company based on growth through acquisition or farm-in to non-operated interests in upstream projects where there is an opportunity to add significant value in the short to medium term. \n \n \n \n \n Advance Energy - Vision and Strategy\n \n \n Our Vision is to provide exceptional returns to our investors by unlocking hidden value in already discovered oil \n and\n \n gas assets.\n \n \n Strategy Overview\n \n \n Unlocking hidden value is our main objective - to the benefit of our shareholders as well as our joint venture partners, host governments, and broader stakeholders.\n \n \n Many upstream assets present challenges to existing operators. These difficulties may be technical in nature, mis-alignment in the partnership, sub-optimal commercial arrangements, or simply funding constraints.\n \n \n One, or a combination, of these issues can present the opportunity for realisation of added value.\n \n \n We look to identify such assets and maximise their value using our unique insights from original technical work, commercial acumen or advantaged relationships.\n \n \n Business Model\n \n \n We seek to take non-operated interests either by acquisition or farm-in, and prefer joint ventures with only two parties and the ability to exert a significant degree of influence.\n \n \n Our model means that we only work with established operators eliminating many of the execution risks present for typical early stage, high growth companies. We can focus on what really adds value rather than day-to-day operational concerns leaving that to the operator.\n \n \n We have no need to build a large and complex organisation keeping our overheads low and preserving value for our shareholders.\n \n \n Value Driven\n \n \n We have no need to be geographically constrained. We screen projects purely on value potential rather than specific play-type or basin. This provides us with a larger opportunity set than many ...