Andalas Energy and Power (ADL) – Updated Company Presentation

Andalas Energy and Power (ADL) – Updated Company Presentation Andalas Energy and Power Plc, the AIM listed Indonesian focused oil and gas exploration company, is pleased to advise that an updated Company presentation has been uploaded to its website at https://www.andalasenergy.co.uk/. In conjunction with this, the Company is pleased to provide shareholders with the opportunity to listen to […]

Andalas Energy and Power (ADL) – Restoration of trading on AIM

The trading on AIM for Andalas Energy and Power (ADL) was temporarily suspended. The suspension is lifted from 28/04/2016 7:30am, an announcement having been made and an admission document having been published. Ordinary shares of no par value each, fully paid(B1FPZP6)(IM00B1FPZP63) If you have any queries relating to the above, please contact the Company’s nominated adviser on 020 […]

Andalas Energy and Power (ADL) – Admission document

Andalas Energy and Power Plc Admission NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN, INTO OR FROM THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR THE REPUBILC OF SOUTH AFRICA NOR ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION. THIS ANNOUNCEMENT IS AN […]

Andalas Energy and Power (ADL) – New Website

Andalas Energy and Power Plc is pleased to announce the launch of its new corporate website (https://www.andalasenergy.co.uk/). The new website marks the culmination of the Company’s wider rebranding exercise which has been undertaken in recent months.  This reflects the progress made by the new management team towards transforming ADL into an Indonesian focused energy and […]

Andalas Energy and Power (ADL) issues zero coupon loan note

Andalas Energy and Power Plc is pleased to announce it has raised £500,000 (gross) via the issue of a zero coupon loan note. The proceeds of the Note will help fund the costs associated with the ongoing AIM Readmission process, and will also allow the Company to continue with its planning and preparations to drill […]

Asian Development Bank releases funds for Sumatra power grid – Petromindo.com

  by Romel S. Gurky The Asian Development Bank (ADB) announced on Wednesday the first disbursement of US$120 million under a $600 million results-based lending (RBL) program to strengthen the electricity grid in Sumatra, after the state-owned power company Perusahaan Listrik Negara (PLN) met the conditions for release of the funds. “Disbursing against results helps […]

Indonesia to import gas starting in 2019 – Petromindo.com

by Febry Silvan, Petromindo.com Indonesia is projected to import gas in 2019 for the first time in the country’s history, according to senior official of the ministry of energy and mineral resources. Indonesia’s import needs in 2019 will amount to 1,777 mmscfd based on the country’s gas balance through 2030, Director of Program Oversight Agus Cahyono […]

Andalas Energy and Power (ADL) signs Tuba Obi East gas project farm-in agreement

Andalas Energy and Power Plc (ADL) the AIM listed investment company, is pleased to announce that it has conditionally entered into a farm-in agreement for the Tuba Obi East Technical Assistance Contract, which is located in the South Sumatran basin approximately 30km north-west of Jambi city in Jambi province, Sumatra. Highlights: ADL to acquire 30% […]

Andalas Energy and Power Plc – Board Changes & Change of NOMAD & Broker

Andalas Energy and Power (ADL), the AIM listed investment company, is pleased to announce that Mr Paul Warwick, an existing non-Executive Director of ADL, has been appointed Chairman of the Board.  Paul’s extensive industry experience, both globally and specifically in Indonesia, makes him ideally placed to help drive the strategic vision of the Board and […]