TIDMADV

RNS Number : 9869R

Advance Energy PLC

11 March 2021

11 March 2021

Advance Energy plc

("Advance Energy" or the "Company")

Buffalo Oil Field Farm-in

Advance Energy plc ( AIM:ADV ), the energy company seeking growth through acquisition or farm-in to non-operated interests in discovered upstream projects, is pleased to announce that it will shortly be commencing marketing to potential investors to fund the investment into the Buffalo Field, details of which were announced on 17 December 2020. A copy of the presentation is available on the Company's website at https://www.advanceplc.com/media-centre/presentations/

The Company looks forward to providing further updates in relation to the investment in the Buffalo Field as and when appropriate.

The Company's shares remain suspended from trading on AIM pending the publication of an Admission Document setting out full details of the potential transaction and convening a General Meeting of the Company, subject, inter alia, on the completion of a successful fundraise.

Enquiries:

 
 Advance Energy plc 
 Leslie Peterkin (CEO) / Stephen         +44 (0)1624 681 
  West (CFO)                                         250 
 Strand Hanson Limited (Financial and Nominated 
  Adviser) 
 James Harris / Rory Murphy / Georgia     +44 (0)20 7409 
  Langoulant                                        3494 
 Buchanan (Public Relations) 
                                          +44 (0)20 7466 
 Ben Romney / Kelsey Traynor                        5000 
 Optiva Securities Limited (Joint 
  Broker) 
                                          +44 (0)20 3411 
 Christian Dennis                                   1881 
 Tennyson Securities Limited (Joint 
  Broker) 
                                          +44 (0)20 7186 
 Peter Krens/Ed Haig-Thomas                         9030 
 
   For further information, please visit www.advanceplc.com   and @advanceplc on Twitter

To register for Advance Energy's email alerts, please complete the following form: https://www.advanceplc.com/media-centre/news/#alerts

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No 596/2014 ("MAR").

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END

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March 11, 2021 08:00 ET (13:00 GMT)

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