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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 Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.025p +4.00% 0.65p 0.60p 0.70p 0.675p 0.625p 0.625p 2,723,143 08:47:51
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Alternative Energy 0.0 -1.0 -0.0 - 2.38

Andalas Energy And Power Share Discussion Threads

Showing 4901 to 4922 of 4925 messages
Chat Pages: 197  196  195  194  193  192  191  190  189  188  187  186  Older
alexios... Nooo really RNS MONDAY Andalas expects to be in a position to provide an update on or before 7.00am 18 February 2019
They don't need to rns this
Colter appraisal extention granted to 31st March.. RNS Monday
Dont know why British companies goto indonesia, they always shaft them, just ask chl.
game over always was a full time scam
BMD stung twice today. ECHO and now ADL.
tidy 2
FYI Andalas Energy & Power. Honesty Is The Best Policy! Hold For Colter Dan x
daniel levi bmd
Another dog!!
yep not good
rns out - Looks awful -
13:13 Listen to Sachin Oza, co-CEO of #RBD discuss yesterday’s spudding of #Colter – Reabold has an “effective interest of around 16% [in #Colter], which is the largest of all the publicly-listed companies…”
Colter Well Spud
The Rig as arrived. hxxps://
o/t RMP rns Great news AT RMP ..Spud brought forward slightly. Amazing presentation by 88e the operator... Commercial oil surrounding the whole of the immediate region we are drilling in...most likely looking at 90% COS or at the very least oil shows. 26/26 access rate on commercial finds.. risk/reward at £25m cap inc £6m cash looks amazing and expect to see share price of 10p within the next few weeks to bring our cap of £50m closer to its past peers for a similar operation.. Alaska oiliest place on the planet apparently
The investment in Coulter killed sentiment here and brought core assets into question. Sidlining from core business when that business is not generating income to sustain the existing company is poor management. Using thoses funds has highlighted , the poor quality of CEO experience in running a tight ship. This is a fundamental problem on AIM with squandering someone elses money.IE - THE RETAIL INVESTORS MONEY !
Interim Results
What a shame Wick was a duster. The rig started moving south but has stopped off the Northumbrian coast. The good news is as they are not flow testing Colter just confirming seismic that can't be declared a duster too, yet. Where are ADL going to find the money to do anything with Bungled Mess (assuming the deal does eventually go through)? Where is the farm in partner for Badger going to spring from in time to save the licence? Where is ADL going to find the money to stand its corner of the really expensive next phase of Colter which might see some oil flow tests? When's the placing and how big a discount will it be at? Those are the immediate questions which will no doubt be answered very soon. Https:// Our first well, 11/24b-4, on the Wick prospect has disappointingly not been successful. We have safely completed drilling operations and will now proceed to plug and abandon the well. The 11/24b-4 exploration well has been drilled to a total depth of 1,000m. The objective of the well, the Beatrice Sandstone, was encountered at a depth of 933.5m but is water bearing. Provisional petrophysical analyses indicate that the Beatrice Sandstone has a gross thickness of 22.8m with 19.8m of net sandstone of 17.2% average porosity. The well had the highest risk in the Corallian portfolio with a pre-drill chance of success estimated at 30%, with trap integrity considered the greatest risk element, and this appears to be why the well failed. It was an exciting prospect with pre-drill Pmean Prospective Resources estimated at 26 million barrels of recoverable oil. The 11/24b-4 well is Corallian’s first well as Exploration Operator and drilling operations have been completed safely, in an environmentally sensitive area with multiple stakeholders and complex regulations. We look forward to drilling the Colter appraisal well and will update shareholders when drilling commences. We assess the pre-drill chance of success of the Colter well to be 58%. The pre-drill Pmean Prospective Resources are estimated at 23 million barrels of recoverable oil. Corallian holds a 49% interest.
sweet karolina2
Morning All, I’m in. First tentative tranche though as funding will be required. I speculate that the high C.O.S of Colter could permit a placing at non-dilutive levels so...toe in the water for GoM. The company’s attitude to risk indicates that at 0.96 ie entry price looks fairly safe. I like to ‘indirectly217; invest from time to time so this para from the recent broker note is relatable. “As a function of the company’s investment in Eagle rather than the licence itself, Andalas may see its exposure to Badger diluted in the event that Eagle farms down its position prior to exploratory drilling. However, we would view such as scenario as positive given that such an outcome has the potential to secure full or part funding for an initial exploration well and de- risk Andalas’ investment significantly”. Having made some errors recently going to refrain from estimating a risk rating for the share and will standby for Colter results and its influence on ADL Mcap. Very interesting well, have it almost completely covered now.
Looks like this could fly
Update on Bunga Mas PSC Andalas Energy and Power PLC, is pleased to report that Arcandra Tahar, Deputy Minister of Energy and Mineral Resources (“Deputy Minister”) issued a press release on Friday 11 January 2019, that the Bunga Mas PSC will be one of 6 licences that will be converted to gross split PSC’s by mid-February 2019. As announced on 29 August 2018, Andalas has a conditional agreement to acquire an initial 25% (rising to 49% and then 100%) interest in the Bunga Mas PSC. The operator of the Bunga Mas PSC applied to convert the PSC to a gross split PSC as part of the process to extend the exploration period, one of the key conditions to completion of Andalas’s acquisition of an interest in the Bunga Mas PSC. Andalas regards the conversion to a gross split PSC as an important and positive step in this process. The modelling performed by the Company to date indicates that the conversion of the PSC to the gross split PSC is likely to alter the economic profile of a successful development of Bunga Mawar. Importantly, however, it does not alter Andalas’ view that the deal exposes shareholders to significant upside under both the original PSC terms and the gross split PSC terms. In addition, Andalas believes that the new gross split PSC will provide operating advantages - the Deputy Minister highlighted that the gross split PSC regime was created to make oil and gas licences efficient, uncomplicated, simple and with more secure processes. Andalas will advise on the terms of the extension at such time as approval is granted by the government. The terms will include, amongst other things, the terms of the extension of the exploration period and the application of any transitional provisions between the old and the new regime. Simon Gorringe, CEO of Andalas Energy and Power PLC said, “This change in licence terms is in line with the Indonesian government’s intention to have all oil and gas licences structured on a Gross Split basis and although we still do not know the exact terms of the new licence the company has the ability to renegotiate its economic interest with the operator to ensure the project meets our investment criteria. “This news validates our decision to grant a short extension to the long stop date last month. The announcement by the vice Energy Minister indicates that the PSC will be formally converted in February, during which time we will continue to work with the vendor towards finalising the acquisition. “We have established a good relationship with the Bunga Mas Operator who wants to close the deal as soon as possible and is willing to work with ADL to ensure that a satisfactory deal can be agreed. I look forward to updating the market as we progress with what continues to be an exciting deal. “Andalas is paying consideration for the acquisition of Bunga Mas of 19.2 million shares (£177,600 at the closing share price on 11 January 2019), which we believe would represent very good business should we be successful in the planned development of the Bunga Mawar formation that has 2.3 million barrels of best case contingent and prospective resources. “Furthermore, successfully developing Bunga Mawar is expected to provide cash flow to support the exploration and appraisal of the other leads and prospects on the licence that have total operator assessed best estimate prospective resources of 54 million barrels of oil and 26 BCF of. “We look forward to an exciting few weeks and months as we provide the market with updates across our portfolio, including completion of our acquisition of an interest in the Bunga Mas PSC and both the forthcoming Colter new drill, which is targeting 22 million barrels of oil (1.76 million net to Andalas) and the additional studies on our Badger investment.” Gross Split PSC Regime Indonesia introduced a new PSC scheme based on gross production split in 2017. The Government’s intention was to incentivise exploration and exploitation activities by providing spending and operational freedom to operators. The new regime is based on a gross production split without regard to a cost recovery mechanism. Hydrocarbons produced from the PSC are shared between the contractor and the government. The production split is determined by reference to the characteristics of the project. The base split for oil is 57% to the government and 43% to the contractor and for gas is 52% to the government and 48% to the contractor. The base split is adjusted by reference to variable and progressive components. The variable components include the status of the working area, field location, depth of the reservoir, availability of infrastructure, type of reservoir, carbon dioxide content, hydrogen sulphide content, specific gravity of oil and domestic component during the developments stage and the production stage. The progressive components comprise oil and gas prices and cumulative oil and gas production. By way of example, the first plan of development under a gross split PSC will attract an additional 5% contractors split and an off-shore field in water depths greater than 1000m would attract an additional 16% contractors split. The role of SKK Migas is limited to control and monitoring of gross split PSCs and whilst it will approve work programmes it will not approve budgets which will be provided as a supporting document. Contractors may carry out procurement of goods and services independently and the governments procurement regulations will not apply the same restrictions as under the former regime.
A renewed strategy to deliver value.. hxxp://
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