Andalas Energy and Power (ADL) – Update on Tuba Obi East

Andalas Energy and Power Plc, the AIM listed Indonesian focused energy Company (AIM: ADL), provides an update on the Tuba Obi East oil and gas concession in the South Sumatran Basin. Tuba Obi East is one of a cluster of three gas fields identified by Andalas as suitable for development as an integrated wellhead independent […]

Andalas Energy & Power (ADL) – Cantor Fitzgerald retains buy rating and 0.5p price target

Following the operations update and two further wellhead IPP projects announced this morning by Andalas Energy & Power (ADL), analysts at broker Cantor Fitzgerald have today reiterated their ‘Buy’ rating and 0.5p target price. According to the analyst this now indicates a potential increase of 426.32% from Andalas Energy & Power PLC’s current price of 0.1p. […]

Andalas Energy and Power (ADL) – Operations Update

Andalas Energy and Power Plc, the AIM traded Indonesian focused energy company (AIM: ADL), is pleased to provide an update on its activities with Pertamina, Indonesia’s national oil company, including the identification of a further two gas fields suitable for wellhead IPP development.  This is in line with the Company’s strategy to develop a portfolio […]

Andalas Energy & Power (ADL) – Operations Update

Andalas Energy and Power (AIM: ADL), the AIM traded Indonesian focused energy company, is pleased to provide an update on its activities in Indonesia including the completion of a feasibility study for its first 60 MW wellhead gas to power project in partnership with Pertamina, Indonesia’s national oil company in the Jambi province of Sumatra. […]

Andalas Energy and Power (ADL) – Interim results

Andalas Energy and Power Plc, the AIM listed Indonesian focused upstream oil and gas and power company (AIM: ADL), is pleased to announce its half-yearly report for the six months ended 31 October 2016. Highlights: Readmission to AIM to focus on upstream oil, gas and power opportunities in Indonesia Milestone cooperation agreement with Pertamina, Indonesia’s […]

Andalas Energy and Power (ADL) – Loan Note

Andalas Energy and Power Plc, the AIM traded Indonesian focused energy company (AIM: ADL) has issued a £500,000 zero coupon loan note which will strengthen the Company’s working capital position while it continues to progress the Company’s strategy. The Loan Note, which has been issued to Sandabel Capital L.P. is secured against the assets of […]