Advent Energy
Advent Energy is an unlisted Australian upstream oil and gas exploration company holding the PEP 11 Sydney Offshore Basin permit (85% WI, 5.9 Tcf P50) and Bonaparte Basin RL 1 (100%, 11.5 Bcf 2C), targeting industrial gas users and power generation markets in eastern and northern Australia while raising capital through periodic entitlement issues.
- Company typePrivate
- Founded2004
- HeadquartersPerth, Australia
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Advent Energy does
Advent Energy Ltd is an unlisted, Perth-based oil and gas exploration and production company founded in 2004. It holds a portfolio of Australian exploration assets, the largest being Petroleum Exploration Permit PEP 11 in the Offshore Sydney Basin (85% working interest via subsidiary Asset Energy Pty Ltd) with a P50 prospective resource of 5.9 Tcf, and Retention Licence RL 1 in the onshore Bonaparte Basin (100% via Onshore Energy Pty Ltd) containing the Weaber Gas Field with 11.5 Bcf of 2C contingent resources. The company has invested an estimated AUD 88 million in historic exploration and uses conventional technologies including high-resolution 2D seismic surveys (~200 line km) and interpretation of HRDZ, AVO, and flat spot indicators to de-risk prospects. A NOPSEMA Environment Plan is required before drilling can commence in PEP 11.
Advent's business model is pre-revenue upstream exploration: it does not yet produce or sell gas commercially and funds activities through equity raises, including a AUD 2.27 million investment by BPH Energy Limited in November 2021 (taking BPH's stake to 36.1%) and ongoing Offer Information Statement entitlement issues lodged with ASIC through 2024-2026. The company plans to monetise gas through direct B2B offtake agreements with industrial gas consumers in eastern Australia (serving the Sydney-Wollongong-Newcastle metropolitan area of approximately 5 million people) and, for the Bonaparte Basin, via a proposed virtual pipeline methodology (LNG/CNG trucking) supplying Kimberley region power generation operators. The company also references long-term offtake arrangements with TotalEnergies and PrimeRES tied to a 440 MW solar project in the Philippines.
The asset portfolio is targeted at markets experiencing structural gas supply constraints: AEMO has forecast gas shortages in eastern and south-eastern Australia as reserves in Bass Strait and Cooper Basin decline, supporting the strategic positioning of PEP 11. Two wholly owned subsidiaries (Asset Energy Pty Ltd and Onshore Energy Pty Ltd) hold the exploration permits, and Bounty Oil & Gas NL is a joint venture partner holding 15% of PEP 11. The company employs 11-50 staff and continues to file annual reports and supplementary capital-raising documentation with ASIC.
Advent Energy firmographics
Firmographics- Name
- Advent Energy
- Legal name
- Advent Energy Ltd
- Website
- https://adventenergy.com.au
- Company type
- Private
- Founded year
- 2004
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Advent Energy is an unlisted Australian upstream oil and gas exploration company holding the PEP 11 Sydney Offshore Basin permit (85% WI, 5.9 Tcf P50) and Bonaparte Basin RL 1 (100%, 11.5 Bcf 2C), targeting industrial gas users and power generation markets in eastern and northern Australia while raising capital through periodic entitlement issues.
- Ownership category
- akta.pro rank
Advent Energy industry classification
Industry- Product category
- Oil and Gas Exploration and Production
- NAICS
- Natural Gas Extraction (21113), Oil and Gas Extraction (2111)
- SIC
- Crude Petroleum & Natural Gas (1311)
- akta.pro primary industry
- Offshore Natural Gas E&P (Shallow & Deepwater) (EUAAAAAF)
- akta.pro secondary industries
- Onshore Natural Gas E&P (Conventional Fields) (EUAAAAAG), Upstream HSE, Regulatory Compliance & Emissions Management (Methane/Flare) (EUALAAAM)
Keywords
Where Advent Energy is headquartered
LocationHeadquarters
- HQ city
- Perth
- HQ country
- Australia
- HQ region
- Oceania
Offices1 record
Markets served
Advent Energy business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Technology or R&D, Personnel, Others
Revenue model
- Oil and Gas Production Revenue: Advent Energy generates revenue through the exploration and production of oil and gas reserves. The company holds prospective resources in Bonaparte Basin (Weaber Gas Field with 2C Contingent Resources of 11.5 Bcf) and Sydney Offshore Basin (PEP 11 with P50 Prospective Resource of 5.9 Tcf).
- Gas Sales via Virtual Pipeline: Potential commercialisation via virtual pipeline methodology, whereby gas is liquefied or compressed and trucked to end users as LNG or CNG, providing flexible delivery without pipeline infrastructure.
Go-to-market motion2 records
Distribution channels3 records
Marketing channels3 records
Advent Energy product offering
Product offeringCore offering
Advent Energy is an unlisted oil and gas exploration and production company that holds and develops upstream petroleum assets in Australia, principally the Sydney Offshore Basin permit PEP 11 (85% working interest, multi-Tcf prospective gas resources) and the onshore Bonaparte Basin permit RL 1 (100%, containing the Weaber Gas Field with 11.5 Bcf 2C contingent resources). The company plans to monetise gas via direct B2B offtake agreements with industrial and power-generation buyers and via a virtual pipeline model that trucks LNG/CNG to end users without permanent pipeline infrastructure.
Product overview
Advent Energy Ltd is an unlisted oil and gas exploration and production company formed in 2004 and based in Perth, Western Australia. The company operates two primary exploration projects: Sydney Offshore Basin (PEP 11), an offshore gas exploration permit in which Advent holds 85% working interest through Asset Energy Pty Ltd, and Bonaparte Basin (RL 1), an onshore gas exploration permit held 100% through Onshore Energy Pty Ltd containing the Weaber Gas Field. Both projects target natural gas reserves located near existing infrastructure and markets.
Differentiator
Problem solved
Functional benefit
Products and services
- Sydney Offshore Basin (PEP 11) Natural Gas Asset Offshore petroleum exploration permit in the Sydney Offshore Basin held 85% by Advent Energy through wholly owned subsidiary Asset Energy Pty Ltd (with Bounty Oil & Gas NL holding 15%). Prospective for natural gas with multi-Tcf resources, located within 50 km of the Sydney-Wollongong-Newcastle metropolitan area serving approximately 5 million people. Targeted at industrial and commercial gas buyers in eastern Australia facing AEMO-forecast supply shortages.
- Bonaparte Basin (RL 1) Weaber Gas Field Asset Onshore petroleum permit in the Bonaparte Basin held 100% by Advent Energy through wholly owned subsidiary Onshore Energy Pty Ltd, containing the Weaber Gas Field with 2C Contingent Resources of 11.5 Bcf. Planned for monetisation through virtual pipeline delivery (LNG/CNG trucking) to power generation operators in the Kimberley region including Kununurra township and the Ord River Irrigation Area.
- Virtual Pipeline Natural Gas Supply Planned delivery service for natural gas produced from Advent Energy's assets, using virtual pipeline methodology (LNG/CNG trucking) to reach multiple customers from a single gas field without permanent pipeline construction. Targets industrial buyers and power generation operators in regions without pipeline access, including the Kimberley region.
Companies that use Advent Energy
Customer profileNamed customers4 records
Segments3 records
Ideal customer profiles2 records
Advent Energy technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Advent Energy partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core and minor.
- Bounty Oil & Gas NLcoreJoint Venture partner holding 15% of Petroleum Exploration Permit PEP 11 in the Offshore Sydney Basin. Advent Energy holds 85% through subsidiary Asset Energy Pty Ltd.
- Onshore Energy Pty LtdcoreWholly owned subsidiary of Advent Energy holding 100% of RL 1 in the onshore Bonaparte Basin. Through this subsidiary, Advent holds the Weaber Gas Field with 11.5 Bcf 2C Contingent Resources.
- Asset Energy Pty LtdcoreWholly owned subsidiary of Advent Energy holding 85% of Petroleum Exploration Permit PEP 11 in the Sydney Offshore Basin, prospective for natural gas with multi-Tcf potential.
- TotalEnergiesminorTotalEnergies is constructing a 440 MW solar project in the Philippines where AdventEnergy (likely referring to an entity with similar name or potentially a related party) has a long-term offtake agreement for over 50% of electricity production.
- RISC (Resource Investment Strategy Consultants)minorIndependent auditor that assessed the 2C Contingent Resources of 11.5 Bcf and 3C Contingent Resources of 45.8 Bcf for the Weaber Gas Field in RL1.
- Geoscience AustraliaminorGeoscience Australia collected sub-bottom profile data, swath bathymetry, seismic and echosounder data along the continental slope/permit margin of PEP 11, demonstrating active erosional features and geophysical indications of gas escape.
Scale indicators7 records
Recent moves6 records
Expansion highlights5 records
Advent Energy competitors and assessment
Company assessmentDirect peers
- BPH Energy Limited: BPH Energy holds a 36.1% stake in Advent Energy and is a listed Australian junior investor in oil and gas and biomedical ventures. It is directly comparable as a shareholder, JV funder, and aligned small-cap Australian energy investor with exposure to Advent's asset portfolio.
- Empire Energy Group: Empire Energy is an ASX-listed junior E&P focused on unconventional gas in the Beetaloo Basin and NT. Comparable as a small-cap Australian gas-focused E&P pursuing domestic supply growth, with similar capital markets profile and pre-revenue development stage.
- Strike Energy: Strike Energy is an ASX-listed gas-focused E&P with Perth Basin and other Australian acreage targeting domestic east coast and WA gas supply. Directly comparable as an Australian junior natural gas explorer pursuing domestic market opportunities similar to Advent.
- Comet Ridge Limited: Comet Ridge is an ASX-listed Australian gas E&P with Mahalo and other CSG/conventional gas assets targeting east coast Australian supply. Comparable as a junior Australian natural gas explorer focused on addressing east coast gas shortages similar to Advent's PEP 11 thesis.
- Bounty Oil & Gas NL: Bounty Oil & Gas holds the 15% non-operated interest in PEP 11 alongside Advent Energy's 85%. It is a small ASX-listed Australian oil and gas explorer with onshore and offshore acreage, directly comparable as a JV partner and peer-scale junior E&P.
- Pilot Energy Limited: Pilot Energy is an ASX-listed junior oil and gas explorer with Western Australian and Australian offshore permits. Comparable as a small-cap Australian E&P at a similar stage of exploration and corporate development, with overlapping investor base and regulatory environment.
Broad incumbents
- Woodside Energy: Woodside is Australia's largest E&P with offshore production including the Scarborough and Pluto LNG projects. Comparable as a major incumbent operator of offshore Australian hydrocarbon assets and as a potential farm-in partner or acquirer of assets at Advent's stage of development.
- Santos Limited: Santos is a major ASX-listed Australian oil and gas producer with significant east coast gas production from GLNG and Cooper Basin assets. Comparable as an incumbent east coast Australian gas supplier addressing the same demand market, with overlapping end-user customer base.
- Origin Energy: Origin Energy is a major Australian energy company with upstream gas production (APLNG interest) and energy retail. Comparable as a large-scale east coast Australian gas producer serving overlapping industrial and power generation customers, including via retail electricity supply arrangements.
Emerging players
- Senex Energy: Senex Energy is an Australian-focused natural gas E&P producing from the Surat and Cooper basins, now owned by POSCO International. Comparable as a domestic east coast Australian gas producer addressing the same supply-shortage market that Advent targets with PEP 11.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Advent Energy social profiles
Digital presenceAdvent Energy financial estimates
Financial estimateRevenue estimate
Valuation estimate
Advent Energy leadership team
Management profileNumber of profiles
Advent Energy subsidiaries and ownership
Company hierarchySubsidiaries2 records
Advent Energy funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Advent Energy M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Advent Energy
What does Advent Energy do?
Advent Energy is an unlisted oil and gas exploration and production company that holds and develops upstream petroleum assets in Australia, principally the Sydney Offshore Basin permit PEP 11 (85% working interest, multi-Tcf prospective gas resources) and the onshore Bonaparte Basin permit RL 1 (100%, containing the Weaber Gas Field with 11.5 Bcf 2C contingent resources). The company plans to monetise gas via direct B2B offtake agreements with industrial and power-generation buyers and via a virtual pipeline model that trucks LNG/CNG to end users without permanent pipeline infrastructure.
Is Advent Energy a public or private company?
Advent Energy is a private company. It is classified as venture growth investor backed and is currently operating.
When was Advent Energy founded?
Advent Energy was founded in 2004. It employs 11 to 50 people.
Where is Advent Energy based?
Advent Energy is headquartered in Perth, Australia, in the Oceania region.
How does Advent Energy make money?
Two revenue lines are on record. Oil and Gas Production Revenue is the primary driver. The others are gas Sales via Virtual Pipeline.
Who are Advent Energy's main competitors?
Direct peers on record are BPH Energy Limited, Empire Energy Group, Strike Energy, Comet Ridge Limited, Bounty Oil & Gas NL and Pilot Energy Limited. Broad incumbents are Woodside Energy, Santos Limited and Origin Energy. Senex Energy is listed as an emerging player.
Does Advent Energy have an API?
No public API is recorded for Advent Energy.
What industry is Advent Energy in?
Advent Energy's product category is Oil and Gas Exploration and Production. Its primary akta.pro industry code is EUAAAAAF, Offshore Natural Gas E&P (Shallow & Deepwater), with a secondary code of EUAAAAAG, Onshore Natural Gas E&P (Conventional Fields). Its NAICS code is 21113 and its SIC code is 1311.