Andalas Energy & Power #ADL – Change of Nomad and update
Andalas Energy and Power Plc, the AIM traded upstream oil and gas energy company (AIM: ADL), is pleased to announce the appointment of Beaumont Cornish Limited as the Company’s Nominated Adviser with immediate effect. Optiva Securities Limited and Novum Securities Limited remain the Company’s Joint Brokers. In addition, the Company provides the following update: The […]
Andalas Energy & Power #ADL – Board changes
Andalas Energy and Power plc, the AIM listed upstream oil and gas and energy company (AIM: ADL), announces that Mr David Whitby will retire from his role as Chairman and Director of the Company and that Dr Robert Arnott, currently a Non-Executive Director, will step up to the role of Non-Executive Chairman. The changes are […]
Andalas Energy & Power #ADL – Result of AGM
Andalas Energy and Power Plc (AIM: ADL) is pleased to announce that all resolutions were passed at its Annual General Meeting held at 10am on Friday 29th December 2017. The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 (‘MAR’). Upon […]
Andalas Energy & Power #ADL – Notice of AGM
Andalas Energy & Power #ADL the AIM traded Indonesian focused energy company, is pleased to announce that its Annual General Meeting will be held at 10.00am on 29th December 2017 at IOMA House, Hope Street, Douglas, Isle of Man, IM1 1AP. The AGM notice has been posted to shareholders and is available to view on […]
Andalas Energy & Power #ADL – Correction: Issue of Warrants
The following has been amended in the “Issue of Warrants” announcement released on 6 December at 9:01am. “The warrants have been issued with a 5 year term with a strike price of 0.5 pence per share; the basis of calculation being a 25% premium to the closing bid price (previously announced exercise price was 0.54375 […]
Andalas Energy & Power #ADL – Issue of warrants
Further to the Company’s announcement of 27 November regarding the equity investment of £500,000 and provision of a convertible loan note facility of up to £2 million by 1798 Volantis Fund Ltd, 638,569,604 warrants over ordinary shares have been issued to Volantis. The warrants have been issued with a 5 year term with a strike […]
Andalas Energy & Power (ADL) – Final Results
Andalas Energy and Power Plc, the AIM listed Indonesian focused energy company (AIM: ADL), is pleased to announce its results for the year ending 30 April 2017. The Annual Report and Accounts will be posted to shareholders and will be made available on the Company’s website: https://www.andalasenergy.co.uk. Highlights: Two agreements secured for the development of wellhead […]
Andalas Energy & Power (ADL) – Board and Management Changes
Andalas Energy and Power plc (AIM:ADL) is pleased to announce the following changes to its board and senior management. The changes reflect the transition of the Company’s focus from business development to project execution. Mr Paul Warwick will retire from his role as Chairman of the board. Mr David Whitby will assume the role of […]
Andalas Energy & Power (ADL) signs MOU for Development of Independent Power Producer at Puspa Field with PT Pertamina Power Indonesia and Siemens AG
Andalas Energy and Power plc (AIM:ADL) is pleased to announce that it has signed a memorandum of understanding with PT Pertamina Power Indonesia, a wholly-owned subsidiary of PT Pertamina (Persero), and Siemens AG regarding the development of an independent power producer at the Puspa field in Sumatra. Highlights: Andalas, PPI and Siemens agree to jointly […]
Andalas Energy & Power (ADL) – Settlement of loan note, placing and notice of EGM
Andalas Energy and Power plc (AIM:ADL) is pleased to announce that it has conditionally raised £1,050,000 via a placing of 1,615,384,615 ordinary shares of nil par value at a price of 0.065 pence per share. The proceeds will be used to repay the outstanding Sandabel Capital LP loan note. Andalas will also use the proceeds […]