Advance Energy is a 25% shareholder in the private company Eagle Gas Limited.

Eagle Gas Limited holds 100% of Holywell Resources Limited. Holywell has applied for the following blocks in the 32nd Licence Round (43/25, 44/21, 43/20, 43/29, 43/30, 48/4, 48/5) including the acreage covering the Badger prospect. The licence award is expected to take place in early 2020.