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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Andalas Energy And Power Plc | LSE:ADL | London | Ordinary Share | IM00BZ7PNY71 | ORD NPV |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
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|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.20 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 0.19 | 0.21 | ||||
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
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| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
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| - | O | 0 | 0.20 | GBX |
Andalas Energy And Power (ADL) Share Charts1 Year Andalas Energy And Power Chart |
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1 Month Andalas Energy And Power Chart |
Intraday Andalas Energy And Power Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 23/6/2020 | 10:28 | Andalas Energy & Power...powering ahead | 3,807 |
| 24/11/2019 | 17:53 | Andalas Energy and Power 2018 | 13 |
| 17/10/2016 | 09:23 | Andalas Energy and Power | 198 |
| 17/4/2016 | 23:56 | SUMATRA gas oil and power | 16 |
| 08/5/2007 | 11:38 | Application Developments plc | 38 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
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Posted at 01/6/2020 12:08 by therealtonythetiger KeywordCompanyEPIC/TSearch Price Announcements Fundamentals News Article RSS Advance Energy PLC (ADV) Add to Alerts list Print Mail a friend Monday 01 June, 2020 Advance Energy PLC CFO Appointment & Board Reorganisation RNS Number : 4536O Advance Energy PLC 01 June 2020 1 June 2020 Advance Energy plc ("Advance" or the "Company") CFO Appointment & Board Reorganisation Advance Energy plc (AIM: ADV), the upstream oil and gas company focussed on building a portfolio of value accretive non-operated interests in established hydrocarbon projects, is pleased to announce the appointment of Mr Stephen West as Chief Financial Officer and Executive Director of the Company Board and the resignation of Mr Graham Smith as Non-Executive Director with effect from 1 June 2020. In addition, Mr Ross Warner has stepped down from his Executive Director position and assumed the role of Non-Executive Director. Stephen (aged 47) holds a Bachelor of Commerce (Accounting and Business Law) and is a highly experienced Fellow Chartered Accountant (CA ANZ) and CA (ICAEW) with over 26 years of financial and corporate experience gained in public practice, oil and gas, mining and investment banking. Stephen has held several senior positions in oil and gas, and mining companies including most recently at PetroNor E&P Limited (OSE: PNOR) where he was Executive Director and Chief Financial Officer until his resignation in February 2020 after being instrumental in the successful US$100 million merger of African Petroleum Corporation Ltd and PetroNor E&P Limited in August 2019 and the subsequent integration of the two companies. He was also previously a Non-Executive Director of Apollo Consolidated Limited (ASX: AOP). He is co-founder and current Non-Executive Chairman of Zeta Petroleum plc and is also Non-Executive Chairman of TomCo Energy plc (AIM: TOM). Prior to 2002 Stephen worked in the banking sector including Barclays Capital London where he managed Global Finance Projects. Additional information on Stephen Paul West The following additional information is provided in accordance with paragraph (g) of Schedule Two to the AIM Rules for Companies: Current directorships/partne Past directorships/partne TomCo Energy plc European Hydrocarbons Ltd (UK) Zeta Petroleum plc African Petroleum CI-513 Limited Oilion Energy Limited African Petroleum Liberia Limited MFW Resources Limited African Petroleum Drilling Services Ltd Cresthaven Investments Pty Ltd European Hydrocarbons SL Limited 29 Filmer Road Management Ltd African Petroleum Guinea Limited European Hydrocarbons Ghana Ltd Past directorships/partne APCL Gambia B.V. PetroNor E&P Limited Regal Liberia Limited PetroNor E&P Services Ltd African Petroleum Corporation Ltd (Cayman) PetroNor E&P AS African Petroleum Senegal Limited Auctus Corporation plc European Hydrocarbons Ltd (Cayman) Silk Road Oil & Gas Ltd African Petroleum Sierra Leone Ltd African Petroleum Ltd African Petroleum Cote d'Ivoire Ltd Norsve Resources Limited African Petroleum Gambia Ltd Orana Corporate LLP Incube Investments Pty Ltd Apollo Consolidated Limited Incube Invest No1 Pty Ltd African Petroleum Corporation Ltd (UK) Aspire Minerals Pty Ltd Stephen holds 3,799,201 shares in the Company. Under the terms of his appointment, Stephen will be entitled to an amount of warrants in the Company calculated on a monthly basis by dividing £8,165 by the Company's mid-market price on the date of determination, being no later than the last day of each month ("Director Warrants"). The Director Warrants will accrue monthly, be issued on a quarterly basis, have an exercise price of zero, expire five years from the issue date and vest three months from the issue date. There is no other information that is required to be disclosed pursuant to paragraph (g) of Schedule Two to the AIM Rules for Companies. Mark Rollins, Advance's Chairman, commented: "The Board is pleased to welcome Stephen to the Advance team. Stephen is a highly experienced and well regarded industry professional, the appointment of whom enhances and diversifies our overall management capabilities. In particular, he has deep experience of utilising capital markets effectively and overseeing value accretive M&A execution. The Company is at an exciting juncture and we look forward to capitalising on the growing pipeline of compelling opportunities that are presenting themselves in the current climate. The Advance Board thanks Graham for his tenure as Non-Executive Director of the Company and note that Graham will continue to be involved in supporting the Company through his role at FIM Capital, which provides financial and administrative services to Advance Energy. " |
Posted at 01/5/2020 09:49 by therealtonythetiger Advance Energy plc (AIM:ADV) is pleased to announce that the Company has signed a Master Service Agreementwith Xodus Group Limited for technical and advisory services. Xodus Group provides engineering and advisory services to clients in the oil and gas, LNG, renewables and utilities industries worldwide (www.xodusgroup.com) The Company's business model is to work closely with strategic partners in order to add expertise and deep bench strength complementary to the core Advance Energy management team. In this way we can deliver superior performance while keeping fixed costs and overheads as low as possible - especially important in a low oil price environment. In the first instance we intend to work with Xodus Group for evaluation and due diligence work related to ongoing projects. Twitter Feed The Company is also pleased to communicate the launch of a new Twitter feed to keep investors up to date on the latest news. The Twitter name is @advanceplc. |
Posted at 04/3/2020 17:54 by therealtonythetiger Advance Energy plc('Advance' or the 'Company') Completion of Strategic Review Advance Energy plc (AIM:ADV) (formerly known as Andalas Energy & Power plc (AIM:ADL)) is pleased to present a new strategy for the Company based on growth through acquisition or farm-in to non-operated interests in upstream projects where there is an opportunity to add significant value in the short to medium term. Advance Energy - Vision and Strategy Our Vision is to provide exceptional returns to our investors by unlocking hidden value in already discovered oil and gas assets. Strategy Overview Unlocking hidden value is our main objective - to the benefit of our shareholders as well as our joint venture partners, host governments, and broader stakeholders. Many upstream assets present challenges to existing operators. These difficulties may be technical in nature, mis-alignment in the partnership, sub-optimal commercial arrangements, or simply funding constraints. One, or a combination, of these issues can present the opportunity for realisation of added value. We look to identify such assets and maximise their value using our unique insights from original technical work, commercial acumen or advantaged relationships. Business Model We seek to take non-operated interests either by acquisition or farm-in, and prefer joint ventures with only two parties and the ability to exert a significant degree of influence. Our model means that we only work with established operators eliminating many of the execution risks present for typical early stage, high growth companies. We can focus on what really adds value rather than day-to-day operational concerns leaving that to the operator. We have no need to build a large and complex organisation keeping our overheads low and preserving value for our shareholders. Value Driven We have no need to be geographically constrained. We screen projects purely on value potential rather than specific play-type or basin. This provides us with a larger opportunity set than many traditional upstream companies. We target only discovered resources in good fiscal regimes, and projects with major value inflection points within a short timeframe. Generally, less than 3-5 years out with clear line of sight from the onset. No high-risk exploration with long time lines to delivery of full value. Managing Risks We prefer one-on-one negotiation where we can tailor our approach and will not participate in bidding rounds or other openly competitive situations where value can be bid away upfront. Our focus on near term value creation means it is easier to control risks - limited exposure to long term commodity price trends, and no potential stranded value from the world's changing energy mix or climate change initiatives. The Advance Energy approach is to support and enhance the performance of upstream operators to deliver exceptional project outcomes and exceptional returns. Upcoming Roadshows The Management of the Company will hold a number of meetings with investors in the coming weeks in order to present the new strategy and introduce our new team. Current Assets This replaces the old strategy which focused on exploration and production projects in the United Kingdom and Indonesia. The Company notes that it has met its obligations under the Betun Selo Services and Option Agreement in Indonesia and the Board has concluded that the remaining value in the asset does not offer sufficient potential to merit drilling a new well at this stage. As regards the Company's non-operated interests in the United Kingdom - they are currently at an early stage in the exploration and development cycle. As such, they have materiality and risk profiles that are unlikely to compete for capital under the new strategy. |
Posted at 20/2/2020 07:32 by therealtonythetiger Andalas Energy and Power Plc('Andalas' or the 'Company') Review of Strategy Andalas Energy and Power plc (AIM:ADL) is pleased to announce that, following the recent changes to the Board as announced on 4 February 2020, the Board and Management are to conduct a review of the business with a view to formulating a revised strategy. This review will address the current assets in the UK and Indonesia as well as additional growth options in order to maximise the value of the existing platform. The Board expects to complete its review within the next two weeks with further communications to follow soon thereafter. It was earlier announced that the Company proposes a name change to Advance Energy plc subject to shareholder approval at a General Meeting scheduled for 26 February. |
Posted at 05/2/2020 13:36 by tidy 2 Bulletin Board Heroes - Video ReviewToday #BulletinBoardHeroes preview, Wednesday, 5th Feb 2020 with @ZaksTradersCafe sponsored by @UKInvestorShow Andalas Energy & Power PLC (LON: #ADL) Positive points gap higher from yesterday - Warrant issue kick-in (point 3 levels) for new management. FULL BBH update to followVideo link hTTps://twitter.com/ |
Posted at 05/2/2020 10:36 by bmwman3 Andalas Energy & Power PLC on Tuesday said Leslie Peterkin and Mark Rollins will replace outgoing Chief Executive Simon Gorringe and Chair Robert Arnott, respectively, with immediate effect.In addition, the oil and gas exploration and production company said it has raised GBP525,000 through a subscription of 350.0 million shares at a price of 0.15 pence each. The issue price represents a 20% premium to the last closing mid-market price of Andalas shares on AIM of 0.125p.Andalas shares were trading 34% higher in London on Tuesday at 0.17p each, giving it a market capitalisation of GBP2.0 million.The net proceeds of the subscription will be used to review new opportunities and for general working capital, the company noted.Andalas said Noiva International SA, a company owned by Peterkin and Rollins, has subscribed for 133.3 million shares at the issue price, representing 8.5% of Andalas's enlarged share capital."Leslie and I are delighted to join the board of Andalas and concurrently we, along with John Battrick, have invested GBP500,000 as part of the subscription, to demonstrate our commitment to the company," said Rollins.Turning back to board changes, Andalas said Anthony Battrick was appointed as technical manager and subscribed for 66.6 million shares. Battrick is a geoscientist and has worked in the exploration and production sector for five decades for a number of international oil companies, Andalas said.Meanwhile, Rollins was until recently chair & CEO of Ukrnafta, a Ukranian oil production firm. Between 2008 and 2015, he was a senior executive at BG Group PLC.Peterkin has previously served as Woodside's director Browse Liquefied Natural Gas Development and MOL's senior vice president of Operations & Development.In conjunction with these board changes, Andalas said it has awarded a total of 137.5 million options over shares to its executive directors and senior management. Such options will represent 8.8% of the company's issued share capital following the subscription, it said.The options are all exercisable at 0.30p per share, Andalas said, representing a premium of 100% over the subscription price.Rollins and Peterkin were granted 25.0 million options each, while Battrick has secured 12.5 million options. Legal & Commercial Director Ross Warner was granted 6.3 million options.Looking ahead, Rolling added: "As a first order of business we will be conducting a review of the company's strategy to ensure we can realise this growth potential as soon as possible by introducing new opportunities to the board and widening the existing asset base." |
Posted at 04/2/2020 17:17 by therealtonythetiger Andalas Energy & Power PLC on Tuesday said Leslie Peterkin and Mark Rollins will replace outgoing Chief Executive Simon Gorringe and Chair Robert Arnott, respectively, with immediate effect.In addition, the oil and gas exploration and production company said it has raised GBP525,000 through a subscription of 350.0 million shares at a price of 0.15 pence each. The issue price represents a 20% premium to the last closing mid-market price of Andalas shares on AIM of 0.125p. Andalas shares were trading 34% higher in London on Tuesday at 0.17p each, giving it a market capitalisation of GBP2.0 million. The net proceeds of the subscription will be used to review new opportunities and for general working capital, the company noted. Andalas said Noiva International SA, a company owned by Peterkin and Rollins, has subscribed for 133.3 million shares at the issue price, representing 8.5% of Andalas's enlarged share capital. "Leslie and I are delighted to join the board of Andalas and concurrently we, along with John Battrick, have invested GBP500,000 as part of the subscription, to demonstrate our commitment to the company," said Rollins. Turning back to board changes, Andalas said Anthony Battrick was appointed as technical manager and subscribed for 66.6 million shares. Battrick is a geoscientist and has worked in the exploration and production sector for five decades for a number of international oil companies, Andalas said. Meanwhile, Rollins was until recently chair & CEO of Ukrnafta, a Ukranian oil production firm. Between 2008 and 2015, he was a senior executive at BG Group PLC. Peterkin has previously served as Woodside's director Browse Liquefied Natural Gas Development and MOL's senior vice president of Operations & Development. In conjunction with these board changes, Andalas said it has awarded a total of 137.5 million options over shares to its executive directors and senior management. Such options will represent 8.8% of the company's issued share capital following the subscription, it said. The options are all exercisable at 0.30p per share, Andalas said, representing a premium of 100% over the subscription price. Rollins and Peterkin were granted 25.0 million options each, while Battrick has secured 12.5 million options. Legal & Commercial Director Ross Warner was granted 6.3 million options. Looking ahead, Rolling added: "As a first order of business we will be conducting a review of the company's strategy to ensure we can realise this growth potential as soon as possible by introducing new opportunities to the board and widening the existing asset base." |
Posted at 23/12/2019 15:32 by therealtonythetiger meh Andalas Energy and Power plc (AIM:ADL) is pleased to announce that it has raised £250,000 before expenses, through a conditional placing arranged by the Company's Broker, Optiva Securities Limited, (the "Placing") of 166,666,667 ordinary shares of nil par value ("Ordinary Shares") at a price of 0.15 pence (the "Placing Price") per Ordinary Share ("Placing Shares"), compared to the mid-market price of 0.16 pence at the close of business on 20th December 2019. The net proceeds of the Placing will be used to further the Company's exploration and development activities and for general working capital. The Placing is conditional on the Placing Shares, which will be issued credited as fully paid and will rank pari passu in all respects with the existing Ordinary Shares, being admitted to trading on AIM (the "Admission"). Application is being made for the Placing Shares to be admitted to trading and AIM and Admission is expected to occur on or around 31 December 2019. Total voting rights Immediately following Admission, the Company will have 1,210,636,967 Ordinary Shares in issue. Accordingly, the total number of Ordinary Shares in the Company with voting rights will be 1,210,636,967. This figure may be used by Shareholders in the Company as denominator for the calculations by which they may determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules. |
Posted at 08/8/2019 17:25 by sweet karolina2 ADL share price scores a new all time low today, they really need to hurry up and boost that 4.5 BOPD to nearer the hoped for 20 BOPD ROFL. |
Posted at 30/5/2019 10:10 by domple Dan Levi looks as if he's boxed in as mms driven down price following his 3% investment. Hope he's right about news to drive the share price north. But what I dont get is that if a new company wants to use ADL to save all the costs of coming to market (about the current value of ADL) then how can there be an increase in share price as nobody would pay more for buying a shell? |
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