Andalas Energy & Power #ADL – Colter Well Spud
Andalas Energy and Power Plc is pleased to announce that it has been notified by Corallian Energy Limited (‘Corallian’), the operator of the P1918 licence in the Wessex Basin, that the Colter 98/11a-5 appraisal well (‘the Well’ or ‘Colter’) spudded at 10:10hrs on February 6th 2019. The drilling is expected to take three weeks. Andalas holds […]
Andalas Energy and Power Plc (ADL) Interim Results
Andalas Energy and Power Plc, the AIM listed upstream oil and gas and energy company (AIM: ADL), is pleased to announce its half-yearly report for the six months ended 31 October 2018. Highlights: Agreement, conditional on various matters including the licence extension, entered into to acquire an initial 25% participating interest in Bunga Mas PSC […]
Andalas Energy & Power #ADL – Bunga Mas PSC one of 6 licences to be converted to gross split PSC by mid-Feb 2019
Andalas Energy and Power PLC, is pleased to report that Arcandra Tahar, Deputy Minister of Energy and Mineral Resources (“Deputy Minister”) issued a press release on Friday 11 January 2019, that the Bunga Mas PSC will be one of 6 licences that will be converted to gross split PSC’s by mid-February 2019. As announced on […]
Andalas Energy & Power #ADL CEO Simon Gorringe purchases 3m shares
Andalas Energy and Power PLC announces the following dealing in the ordinary shares of the Company made by, Simon Gorringe, Chief Executive Officer of the Company. On 27 December 2018, Mr Gorringe acquired 3,000,000 Andalas ordinary shares at a price of 0.66 pence per share, representing 0.82% of the Company’s issued ordinary share capital. Following […]
Andalas Energy & Power #ADL extends long stop date for Bunga Mas PSC sale & purchase agreement
Andalas Energy and Power PLC, is pleased to report that we have agreed with the vendor of the Bunga Mas PSC to extend the long stop date for satisfaction of the sale and purchase agreement conditions precedent to 15 February 2019 (originally announced on 29 August 2018). We have agreed to extend the long stop […]
Andalas Energy & Power #ADL – Update on Colter well programme
Andalas Energy and Power PLC, is pleased to report that Corallian Energy Limited (“Corallian”), the Exploration Operator for Licence P1918, has informed the joint venture partners that the Ensco 72 rig has commenced mobilisation to the Wick drilling location. This milestone represents the commencement of the planned two well programme, as announced on 13 November […]
Brand CEO Alan Green talks Bluefield Solar #BSIF, Thomas Cook #TCG, Petrofac #PFC & Andalas Energy #ADL on Vox Markets podcast
Brand CEO Alan Green discusses Bluefield Solar Income Fund (BSIF), Thomas Cook Group (TCG), Petrofac (PFC) & Andalas Energy & Power (ADL) with Justin Waite on the Vox Markets podcast. Interview starts at 12 minutes 20 seconds.
Andalas Energy and Power Plc (ADL) – Update on Eagle Gas investment
Andalas Energy and Power plc is pleased to provide the following update on its investment in Eagle Gas Limited. The OGA has agreed a 5 month extension of the initial term of licence P2112 to 19 May 2019. Under the terms of the extension, the licence holder must: By no later than 31 March 2019, advise […]
Andalas Energy and Power (ADL) – Update on Eagle Gas investment
Andalas is the owner of a 25% interest in Eagle Gas Limited that is itself the 100% owner of Holywell Resources Limited (“Holywell”), which owns a 66 2/3% interest in licence P2112 (“the licence”). The operator, Holywell, is currently negotiating an extension to the initial licence term which ends on 19 December 2018, with the […]
Andalas Energy & Power #ADL – Investor Event
Andalas Energy and Power Plc, the AIM listed upstream oil and gas and energy company (AIM: ADL), is pleased to announce that Chief Executive Officer, Simon Gorringe, will be attending and presenting at the Cassiopeia Investor Symposium at 7 pm on 21th November 2018. The event will be held at The Mayfair Hotel and Spa, 110 Stratton […]