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
  0.00 0.0% 0.20 0.19 0.21 0.00 0.00 - 0.00 00:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Alternative Energy 0.0 -3.0 -0.8 - 2

Andalas Energy And Power Share Discussion Threads

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Excellent new appointments and with their track record and committing their own personal cash! I'm in! The future looks prosperous for Andalas energy!
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."
They wont be flipping the stock then. Could there be light at the end of this tunnel showing their commitment.
tidy 2
No domps everyone knows ADL could not even afford a brown envelope let alone something to put in it.
sweet karolina2
do you think it might be an official looking for a nice little back-hander in exchange for jam tomorrow?
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.
sweet karolina2
If an animal was in this much distress it would be put down as the humane thing to do. Why is SG keeping the lights on?
sweet karolina2
Feeling sorry for the ones who are still in. I sold a few months ago as they never kept their promises. I really hope it will recover soon so that most of you can get out it. However, I can see sub 0.1 in near term. Sorry guys!
dr samsam
Negative net assets up to Oct 2019 - If they did not raise the 250k in dec this would of looked toast as well -
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.
Look at the list from the rich to the rich: the Cheltenham bumper 2019 the day after the race: ( as o said back all the runners in the NH season 2019 if you want your money back from this pile of dirt So )So Far 17 races contested with 6 wins, 5 2nd, 2 3rds,@ 4 not on the place marketA nice return of your roi I do believe we had a 5/1 and 6/1 winner so get onboard and let me how you got on
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