Andalas Energy and Power #ADL announces new IPP Project, Gas Sales MOU and Joint Venture
Andalas Energy and Power plc (AIM:ADL) is pleased to announce that it has signed a gas sales memorandum of understanding, with a private Indonesian company, for the supply of gas to a new independent power project and commenced discussions with the Indonesian national power company, PLN, regarding procurement of the generating capacity. Sumatra-1 will be […]
Andalas Energy and Power #ADL – Institutional investment
Andalas Energy and Power plc (AIM:ADL) is pleased to announce, following the announcement of our Sumatra-1 project, a placing of 1,277,139,208 new ordinary shares of Nil par value to raise £500,000 (before expenses) with new and existing shareholders at an issue price of 0.03915 pence per share. The placing was led by 1798 Volantis Fund […]
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 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 […]