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 […]

Andalas Energy & Power (ADL) – Chairman’s AGM statement

Andalas Energy and Power Plc, the AIM listed Indonesian focused upstream oil and gas and power company (AIM: ADL) is pleased to announce that all resolutions were passed at its annual general meeting held today. The following statement from Chairman, Paul Warwick, was given at the meeting: “Since our readmission to AIM earlier this year, much […]

Indonesia state owned PLN under pressure to expedite contract agreements with smaller independent power producers – Andalas Energy & Power

The government’s 35,000 megawatt (MW) electricity procurement program has continued to show sluggish progress, as development contracts for half the targeted capacity have yet to be completed more than a year after the launch of the flagship program. The ambitious program, with a completion target of 2019, will require the construction of 219 power plants and 737 […]