TIDMADV

RNS Number : 3163W

Advance Energy PLC

22 April 2021

22 April 2021

Advance Energy plc

("Advance Energy" or the "Company")

Release of Escrow Documents

Advance Energy ( 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, further to its announcement of 19 April 2021, the Escrow Agent has now released the Escrow Documents in respect of the completion of the Group's subscription for a 50 per cent. equity interest in Carnarvon Petroleum Timor Unipessoal Lda (" Carnarvon Petroleum Timor") following the transfer of the subscription amount of US$20 million payable under the Buffalo Subscription Agreement to the bank account of Carnarvon Petroleum Timor.

The Company's Admission Document and further information on the Company can be found on Advance Energy's website at: www.advanceplc.com

Capitalised terms used in this announcement (unless otherwise defined) carry the same meanings as those ascribed to them in the Company's Admission Document dated 31 March 2021 and/or the Company's announcement of 31 March 2021, unless the context requires otherwise .

Enquiries:

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

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April 22, 2021 06:00 ET (10:00 GMT)

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