Andalas Energy and Power Plc (ADL) Colter Well Update

Andalas Energy and Power Plc, the AIM listed oil and gas exploration and development company, is pleased to provide the following update on the Colter appraisal well (‘the Well’ or ‘Colter’), currently being drilled by Corallian Energy Limited (‘Corallian’) in the P1918 licence in the Wessex Basin.  Andalas holds an 8% interest in the licence. The […]

Andalas Energy and Power Plc – Bunga Mas Update

Andalas Energy and Power Plc provides the following update in relation to its proposed acquisition of an interest in the Bunga Mas production sharing contract (“PSC”) (announced 29 August 2018). The long stop date for fulfilment of the conditions precedent to the sale and purchase agreement expired on Friday, 15 February,  and the parties have […]

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 […]