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) – 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 and Power (ADL) – Update on Tuba Obi East

Andalas Energy and Power Plc, the AIM listed Indonesian focused energy Company (AIM: ADL), provides an update on the Tuba Obi East oil and gas concession in the South Sumatran Basin. Tuba Obi East is one of a cluster of three gas fields identified by Andalas as suitable for development as an integrated wellhead independent […]

Andalas Energy & Power (ADL) – Cantor Fitzgerald retains buy rating and 0.5p price target

Following the operations update and two further wellhead IPP projects announced this morning by Andalas Energy & Power (ADL), analysts at broker Cantor Fitzgerald have today reiterated their ‘Buy’ rating and 0.5p target price. According to the analyst this now indicates a potential increase of 426.32% from Andalas Energy & Power PLC’s current price of 0.1p. […]