Andalas Energy And Power Dividends - ADL

Andalas Energy And Power Dividends - ADL

Stock Name Stock Symbol Market Stock Type
Andalas Energy And Power Plc ADL London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
0.00 0.0% 0.20 00:00:00
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0.20 0.20
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Andalas Energy And Power ADL Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

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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://
Posted at 31/1/2020 16:56 by sweet karolina2
No domps everyone knows ADL could not even afford a brown envelope let alone something to put in it.
Posted at 31/1/2020 07:16 by sweet karolina2
Rumour going round (not sure if it is true, but is certainly credible) is that ADL have not paid a £200k bill in Indonesia and are in serious trouble over it.
Posted at 21/1/2020 10:57 by tomboyb
Posted at 23/12/2019 15:32 by therealtonythetiger

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 18/9/2019 06:26 by therealtonythetiger
Andalas Energy and Power Plc, the AIM traded upstream oil and gas company (AIM: ADL), is pleased to announce an operations update on the Betun Selo KSO, in which it has a production interest further to the agreement announced on 21 June 2019. The Company is currently undertaking a 4-well workover programme on the project. The Betun Field is currently producing 84.8 barrels of oil per day ("bopd") (gross).

· BTN 01: currently producing at a most recently tested rate of 10.4 bopd. This well was put back on production yesterday following further work on the pump which is now being operated at a reduced rate pending commissioning of the water disposal facilities referred to below. A further update will be provided as set out below.

· BTN 03: currently shut-in. Permits to enable the perforating gun explosives to be transported from Subang, West Java to Prabumulih have been issued and the explosives are being moved to the storage bunker. A further permit will be required to move the explosives from the bunker to site. A further update will be provided in due course.

· BTN 04: currently producing at a most recently tested rate of 44.0 bopd.

· BTN 14: currently producing at a most recently tested rate of 30.1 bopd.

· Following the workovers of both BTN 01 and BTN 14, produced water rates have increased significantly requiring both wells to be cut back to the current rates until a larger water injection pump (4,500 bfpd), currently being commissioned, is fully operational, which will take the installed water injection pumping capacity from 2,000 bfpd to 6,500 bfpd. Additional tankage is also being sourced. A further update will be provided after the new water injection pump has been commissioned and pumping rates have been increased and tested.

Andalas Energy, CEO, Simon Gorringe said "We are pleased with progresss at Betun Selo. The work programme is delivering results and we look forward to getting on with the workover of BTN 03."

Posted at 18/8/2019 14:37 by therealtonythetiger
I saw that CAV>AOGL>ADL link..
Posted at 16/8/2019 08:34 by therealtonythetiger

Andalas Energy & Pwr
Operations Update
RNS Number : 3152J
Andalas Energy And Power PLC
16 August 2019

16 August 2019

Andalas Energy and Power Plc

('Andalas' or the 'Company')

Operations Update

Andalas Energy and Power Plc, the AIM traded upstream oil and gas company (AIM: ADL), is pleased to announce an operations update on the Betun Selo KSO.

· BTN14: the well is now producing 30 bopd (up from 4.5 bopd immediately after completion of the workover on 7 August 2019). The well is performing ahead of expectations.
· BTN01: The workover encountered a 11-metre column of scale which necessitated a mechanical clean out of the well and acidization of the wellbore and perforations similar to the work carried out on BTN14. The rig is currently re-instating the well with the larger pump and will restart production from this well in the coming days.
· BTN03: On full re-instatment of the BTN01 pump the rig will move to BTN03 location where it will be upgraded in preparation for the workover which is expected to commence by the fourth week of August subject to securing the necessary explosive permits from the Government and Pertamina.

Posted at 07/8/2019 08:12 by therealtonythetiger

Operations update and Company presentation..
Andalas Energy and Power Plc, the AIM traded upstream oil and gas and energy company (AIM: ADL), is pleased to announce that a new corporate presentation and associated video cast with an operations update on the recent Betun Selo KSO will shortly be available for all shareholders on the Company's website.

Please visit: hxxp://

The video cast discusses the recent activity on Betun, service work on well BTN14 and the upcoming work on wells BTN01 and BTN03:

To address challenges such as leaks in the production strings, the tubing has been replaced in three wells (BTN01, 04 and 14). As a result, there has been an increase in the barrels of oil lifted and so under the operating services and option agreement ("Services Agreement") announced on 21 June 2019 , this small increment to production means the first income for the Company.

The workover of BTN14 has completed. At re-start the well is now producing 450 barrels of total fluids per day including 4.5 bopd, representing a slightly better figure than the Company would have expected at this stage. The well is performing in line with expectations and given the workover has increased the total bfpd, the Company is hopeful of oil production at the well increasing back up to its January production rate of approximately 20 bopd. The workover encountered a larger than expected amount of scale which necessitaed a mechanical clean out of the well, acidization of the wellbore and perforations which extended the workover beyond the originally expected timetable.

The workover rig has moved to BTN01 to replace the existing pump with a larger pump and is expected to move to BTN03 by the third week of August subject to securing the necessary explosive permits from the Government and Pertamina which have been delayed due to the imposition of a new procedure.

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