Andalas Energy and Power #ADL – Interim Results and new CEO statement

Andalas Energy and Power Plc, the AIM listed upstream oil and gas and energy company (AIM: ADL), is pleased to announce its half-yearly report for the six months ended 31 October 2017. Highlights: First Pertamina power project consortium for the development of the Puspa-1 project entered into with Siemens AG.   Each partner has an equal […]

Andalas Energy & Power (ADL) – Result of Extraordinary General Meeting

Andalas Energy and Power Plc (AIM: ADL) is pleased to announce that all resolutions were passed at its extraordinary general meeting held today. The votes received were as follows: Resolution Votes received For Against Resolution 1 329,433,660 319,415,977 (97%) 10,017,683 (3%) Resolution 2 329,433,660 319,415,977 (97%) 10,017,683 (3%) Update on admission of new ordinary shares […]

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 […]

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 […]