Andalas Energy and Power shares soar on new Indonesia venture – Proactive Investors

Andalas Energy and Power Plc (LON:ADL) shot up around 75% in Tuesday’s early deals after it announced a new consortium agreement which foresees the development of a wellhead power project in Indonesia. The AIM-quoted firm has signed the deal with PT PP Energi (PPE), a subsidiary of state-owned Indonesian construction and engineering group PT PP (Persero), […]

Andalas Energy & Power (ADL) – Company and development updates

Andalas Energy and Power plc (AIM:ADL) is pleased to provide an operational update on its strategy to develop a portfolio of 250MW to 500MW of wellhead independent power projects (‘IPPs’) in Indonesia fired with gas from proven fields and also to provide an update on its zero coupon loan note (‘the Loan Note’) issued to […]

Andalas Energy and Power (ADL) – Signs Agreement with PT PP Energi

Andalas Energy and Power plc (AIM:ADL) is pleased to announce that it has signed an agreement with PT PP Energi, a division of PT PP (Persero) Tbk, the state owned construction and engineering company, to jointly develop gas fired power facilities (“IPPs”) in Indonesia.  The Agreement is a significant milestone for the Company because it […]

Andalas Energy and Power (ADL) – Re Director Shareholdings

Further to its announcement of 23 May 2017, the Company sets out below the PDMR notifications relating to the participation by certain of the Directors in the Placing in accordance with the requirements of the Market Abuse Regulation: 1 Details of the person discharging managerial responsibilities / person closely associated a) Name Daniel Jorgensen 2 […]

Andalas Energy and Power Plc (ADL) – Placing, Lifting of Suspension and Operations Update

Andalas Energy and Power Plc – Placing, Lifting of Suspension and Operations Update 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 the publication of this announcement via a Regulatory Information Service (‘RIS’), this inside information is now […]

Andalas Energy & Power (ADL) – Response to media speculation

Andalas Energy and Power Plc, the AIM listed Indonesian focused energy Company (AIM: ADL), notes the recent media speculation regarding the Company undertaking a significantly discounted equity fundraising in the short term. Andalas confirms that it is currently in discussions with investors concerning a potential fundraising to fund its ongoing activities in Indonesia. The discussions […]

Andalas Energy and Power (ADL) – Operations update and Indonesia Government decree

Andalas Energy and Power Plc, the AIM traded Indonesian focused energy company (AIM: ADL), is pleased to provide an update on the Company’s plans to develop a portfolio of wellhead independent power projects targeting 250MW to 500MW of installed capacity fired with gas from proven fields. As previously announced, the issue of new regulations on […]

Rigzone – Andalas Could Become ‘Material Player’ in Indonesia Gas to Power Outlook

Andalas Could Become ‘Material Player’ in Indonesia Gas to Power Outlook by Andreas Exarheas   Andalas Energy and Power Plc, in collaboration with Pertamina, has identified a further two gas fields in central Sumatra suitable for wellhead IPP (independent power project) development. “The scalability of our gas-to-power offering in partnership with Pertamina is clear. In […]

Andalas Energy & Power (ADL) – Extension of Term of Loan note

Andalas Energy and Power Plc (AIM: ADL) is pleased to announce an update on its zero coupon loan note issued to Sandabel Capital L.P. Sandabel has agreed to extend the Maturity Date of the £500,000 Loan Note to 28 July 2017.  The fee associated with the extension is £50,000, which will be repaid alongside the […]