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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Andalas Energy And Power Plc | LSE:ADL | London | Ordinary Share | IM00BZ7PNY71 | ORD NPV |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.20 | 0.19 | 0.21 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From May 2019 to May 2024
TIDMADV
RNS Number : 5395O
Advance Energy PLC
10 February 2021
10 February 2021
Advance Energy plc
("Advance Energy" or the "Company")
Termination of Wessex Basin Licences
Advance Energy plc ( AIM:ADV ), the energy company seeking growth through acquisition or farm-in to non-operated interests in discovered upstream projects, announces that offshore P1918 Colter & Colter South licence, and onshore PEDL 330 and PEDL 345 licences (together the "Wessex Basin Licences") have terminated with effect from 31 January 2021.
Offshore P1918 Colter & Colter South Licence
The Company's wholly owned subsidiary Resolute Oil & Gas (UK) Limited ("Resolute") held an 8% non-operated working interest in the P1918 licence. The second term of the P1918 Licence expired on 31 January 2021 without being renewed.
Onshore PEDL 330 & 345 Licences
The Company's wholly owned subsidiary Resolute held an 8% non-operated interest in the PEDL 330 and PEDL 345 licences. In accordance with the Operator's recommendation, the PEDL 330 and PEDL 345 licences were relinquished with an effective date of 31 January 2021.
Accordingly, with effect from 31 January 2021 the Company no longer holds any interests in the Wessex Basin Licences.
Enquiries:
Hot Features
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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
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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(END) Dow Jones Newswires
February 10, 2021 02:00 ET (07:00 GMT)
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