ACP Energy plc

Capital/Financing Update • Mar 11, 2021

National Storage Mechanism | Additional information

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 West (CFO)	+44 (0)1624 681 250
Strand Hanson Limited (Financial and Nominated Adviser)
James Harris / Rory Murphy / Georgia Langoulant	+44 (0)20 7409 3494
Buchanan (Public Relations)
Ben Romney / Kelsey Traynor	+44 (0)20 7466 5000
Optiva Securities Limited (Joint Broker)
Christian Dennis	+44 (0)20 3411 1881
Tennyson Securities Limited (Joint Broker)
Peter Krens/Ed Haig-Thomas	+44 (0)20 7186 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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