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Sector
Energy
Size
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Market Cap £88.4m
Enterprise Value £270.2m
Revenue £158.4m
Position in Universe 4864th / 6709

Amplify Energy Successfully Closes Secondary Public Offering of Common Stock for Selling Stockholders

Tue 15th December, 2020 9:05pm
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HOUSTON, Dec. 15, 2020 (GLOBE NEWSWIRE) -- Amplify Energy Corp. (NYSE: AMPY)
(“Amplify”) today announced it has closed an underwritten public offering
of 8,548,485 shares of its common stock by certain of its stockholders, which
are affiliates of Fir Tree Capital Management L.P., at a price to the public
of $1.15 per share.

Amplify did not sell any shares of its common stock in the offering and did
not receive any proceeds therefrom.

Roth Capital Partners acted as the Sole Manager for the offering.

The offering was made pursuant to effective shelf registration statements
(File No. 333-233677, effective October 11, 2019, and 333-215602, effective
May 1, 2018) and prospectuses filed by Amplify with the Securities and
Exchange Commission (“SEC”). The offering of these securities was made
only by means of a prospectus and prospectus supplement. Copies of the final
prospectus supplement may be obtained from Roth Capital Partners, Attention:
Equity Capital Markets, 888 San Clemente Drive, Newport Beach, California
92660, by telephone at (800) 678-9147 or email at rothecm@roth.com.

This press release shall not constitute an offer to sell or the solicitation
of an offer to buy, nor shall there be any sale of these securities in any
state or jurisdiction in which such offer, solicitation or sale would be
unlawful without registration or qualification under the securities laws of
any such state or jurisdiction.

About Amplify Energy

Amplify Energy Corp. is an independent oil and natural gas company engaged in
the acquisition, development, exploration and production of oil and natural
gas properties. Amplify’s operations are focused in Oklahoma, the Rockies,
offshore California, East Texas / North Louisiana and South Texas. For more
information, visit www.amplifyenergy.com.

Cautionary Statement Concerning Forward-Looking Statements

This press release includes “forward-looking statements” within the
meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended. All
statements, other than statements of historical facts, included in this press
release that address activities, events or developments that Amplify expects,
believes or anticipates will or may occur in the future are forward-looking
statements. Terminology such as “will,” “would,” “should,”
“could,” “expect,” “anticipate,” “plan,” “project,”
“intend,” “estimate,” “believe,” “target,” “continue,”
“potential,” the negative of such terms or other comparable terminology
are intended to identify forward-looking statements. Amplify believes that
these statements are based on reasonable assumptions, but such assumptions may
prove to be inaccurate. Such statements are also subject to a number of risks
and uncertainties, most of which are difficult to predict and many of which
are beyond the control of Amplify, which may cause Amplify’s actual results
to differ materially from those implied or expressed by the forward-looking
statements. Please read Amplify’s filings with the Securities and Exchange
Commission, including “Risk Factors” in its Annual Report on
Form 10-K, and if applicable, its Quarterly Reports on Form 10-Q and
Current Reports on Form 8-K, and other public filings and press releases for
a discussion of risks and uncertainties that could cause actual results to
differ from those in such forward-looking statements. All forward-looking
statements speak only as of the date of this press release. All
forward-looking statements in this press release are qualified in their
entirety by these cautionary statements. Amplify undertakes no obligation and
does not intend to update or revise any forward-looking statements, whether as
a result of new information, future results or otherwise.

Investor Relations Contacts

Martyn Willsher – Interim CEO & CFO
(832) 219-9047
martyn.willsher@amplifyenergy.com

Jason McGlynn – VP, Business Development
(832) 219-9055
jason.mcglynn@amplifyenergy.com


(https://www.globenewswire.com/NewsRoom/AttachmentNg/70b5b564-88d7-4ce5-84d6-5d36b5dc30c8)



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