11 April 2016
Andalas Energy and Power Plc
(“ADL†or the “Companyâ€)
New Website
Andalas Energy and Power Plc is pleased to announce the launch of its new corporate website (http://www.andalasenergy.co.uk/).
The new website marks the culmination of the Company’s wider rebranding exercise which has been undertaken in recent months. This reflects the progress made by the new management team towards transforming ADL into an Indonesian focused energy and power company, as demonstrated by the securing of its first asset in Indonesia via the farm-in agreement to earn a 30% interest in the Tuba Obi East (“TOEâ€) concession in the South Sumatran basin, as announced on 8 March 2016. Management views TOE as an excellent foundation asset upon which to build a profitable Indonesian gas and power business. The rebranding and repositioning has included:
The Directors, in tandem with their advisers, are currently focused on the readmission of the Company’s shares to AIM and further updates on this process will be provided to the market in due course.
**ENDS**
For further information, please contact:
David Whitby | Andalas Energy and Power Plc | Tel: +62 21 2783 2316 |
Sarah Wharry Craig Francis |
Cantor Fitzgerald Europe (Nominated Adviser and Joint Broker) |
Tel: +44 20 7894 7000 |
Lucy Williams Charles Goodfellow |
Peterhouse Corporate Finance Limited (Joint Broker) |
Tel: +44 20 7469 0930 |
Colin Rowbury | Cornhill Capital (Joint Broker) | Tel: +44 20 7710 9610 |
Frank Buhagiar Susie Geliher |
St Brides Partners Limited | Tel: +44 20 7236 1177 |