Andalas Energy & Power #ADL – Update on Eagle Gas Limited

Andalas Energy and Power Plc, the AIM listed oil and gas company (AIM: ADL), has been advised by Eagle Gas Limited (“Eagle”) that Holywell Resources Limited (“Holywell”), the operator of Southern North Sea Licence P2112 (“Licence”), and Atlantic Petroleum UK Ltd (“Atlantic”) have elected to relinquish the Licence. Simon Gorringe, CEO of Andalas Energy and […]

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 […]