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 West (CFO) | +44 (0) 1624 681 250 |
| Strand Hanson Limited (Financial and Nominated Adviser) | |
| Rory Murphy / James Harris / James Bellman / Georgia Langoulant | +44 (0) 20 7409 3494 |
| Buchanan (Public Relations) | |
| Ben Romney / Kelsey Traynor | +44 (0) 20 7466 5000 |
| Tennyson Securities (Joint Broker) | |
| Peter Krens / Ed Haig-Thomas | +44 (0)20 7186 9030 |
| Optiva Securities Limited (Joint Broker) | |
| Christian Dennis | +44 (0) 20 3411 1881 |
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
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.
