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").

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCSFMFEFEFSEID

(END) Dow Jones Newswires

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

Andalas Energy And Power (LSE:ADL)
Historical Stock Chart
From Nov 2024 to Dec 2024 Click Here for more Andalas Energy And Power Charts.
Andalas Energy And Power (LSE:ADL)
Historical Stock Chart
From Dec 2023 to Dec 2024 Click Here for more Andalas Energy And Power Charts.