Andalas Energy and Power Plc Rig contract signed

 
TIDMADL 
 
28 September 2018 
 
                         Andalas Energy and Power Plc 
 
                         ('Andalas' or the 'Company') 
 
     Rig contract signed with Ensco for a jack-up to drill the Colter well 
 
Andalas Energy and Power Plc, the AIM listed upstream oil and gas and energy 
company (AIM: ADL), is pleased to announce an update on its Colter prospect, in 
which it recently announced an agreement to earn an 8% interest. 
 
The operator, Corallian Energy Limited ("Corallian"), has signed a contract 
with UK based drilling contractor Ensco U.K. Ltd for the provision of the 
Ensco-72 jack-up drilling unit for its Colter well. 
 
The timing for drilling the well is dependent upon the receipt of the 
necessary regulatory approvals and consents.  Based upon the current estimates 
for receipt of these, Corallian is expecting to commence to drill the well 
during Q4 2018. 
 
The information contained within this announcement is deemed by the Company to 
constitute inside information as stipulated under the Market Abuse Regulations 
(EU) No. 596/2014 ('MAR).  Upon the publication of this announcement via a 
Regulatory Information Service ('RIS'), this inside information is now 
considered to be in the public domain. 
 
For further information, please contact: 
 
Simon     Andalas Energy and Power Plc                  Tel: [phone] 
Gorringe 
 
Roland    Beaumont Cornish Limited                      Tel: [phone] 
Cornish/  (Nominated Adviser) 
James 
Biddle 
 
Colin     Novum Securities Limited                      Tel: [phone] 
Rowbury   (Joint Broker) 
 
 
Christian Optiva Securities Limited                     Tel: [phone] 
Dennis    (Joint Broker) 
 
Stefania  Cassiopeia Services                           [e-mail] 
Barbaglio Limited 
          (Public Relations) 
 
 
 
END 
 

(END) Dow Jones Newswires

September 28, 2018 02:00 ET (06:00 GMT)