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Tower CEO gives give operational update on Njonji development well Watch Here

Exclusive: InfraStrata CEO confirms 6 parties interested in offtake agreements
Tower CEO gives give operational update on Njonji development well


Andalas Energy & Power Share Price (ADL)



Share Price Information for Andalas Energy & Power (ADL)


Share Price: 0.95Bid: 0.80Ask: 0.95Change: 0.00 (0.00%)No Movement on Andalas Energy
Spread: 0.15Spread as %: 18.75%Open: 0.875High: 0.95Low: 0.95Yesterday’s Close: 0.95

Andalas Energy And Power Plc Ord Npv

Andalas Energy & Power is part of the Metals sector






Share Price SpacerPrice
0.95
Share Price SpacerBid
0.80
Share Price SpacerAsk
0.95
Share Price SpacerChange
0%0.00
Share Price SpacerVolume
2,297,121
Share Price SpacerOpen
0.875
Share Price SpacerHigh
0.95
Share Price SpacerLow
0.95
Share Price SpacerClose
0.95
Share Price SpacerCurrency
GBX


Currency Issue Country Shares in Issue Market Capitalisation Market Size
GBX JE 365.75m £3.47m 40,000

52 Week High 1.35 52 Week High Date 14-SEP-2018
52 Week Low 0.01 52 Week Low Date 22-MAY-2018

# Trades Vol. Sold Vol. Bought PE Ratio Earnings Dividend Yield
11 2,280,070 17,051 -0.872 -1.09 0.00 0.00


London South East Users info for Andalas Energy & Power




Date
Time
Trade Prc
Volume
Buy/Sell
Bid
Ask
Value
 

16-Nov-18
16:35:03
0.95
17,051
Buy* 
0.80
0.95
161.98
UT 
Trade Type:
Uncrossing Trade

16-Nov-18
15:08:49
0.8044
205,000
Sell* 
0.80
0.95
1,649
Trade Type:
Ordinary

16-Nov-18
15:07:12
0.8044
250,000
Sell* 
0.80
0.95
2,011
Trade Type:
Ordinary




View more Andalas Energy & Power trades >>

Directors Deals for Andalas Energy & Power (ADL)
Trade DateActionNotifierPriceCurrencyAmountHolding
22-May-17Placing
Trade Notifier Information for Andalas Energy And Power
David Robert Whitby held the position of CEO at Andalas Energy And Power at the time of this trade.
 David Robert Whitby
0.1GBX42,000,00042000000
22-May-17Placing
Trade Notifier Information for Andalas Energy And Power
Dan Jorgensen held the position of Finance Director at Andalas Energy And Power at the time of this trade.
 Dan Jorgensen
0.1GBX31,000,00031000000
22-May-17Placing
Trade Notifier Information for Andalas Energy And Power
Paul Warwick held the position of Chairman at Andalas Energy And Power at the time of this trade.
 Paul Warwick
0.1GBX15,000,00015000000
View more Andalas Energy & Power directors dealings >>


Boom123
Posts: 9,788
Opinion:No Opinion
Price:0.95
Potential 52 mill barrel 100% to ad
Today 14:36
AIM-listed Andalas Energy and Power is on a mission to boost its upstream assets in Indonesia under a novel business strategy that diversifies from the initially targeted gas-to-power opportunities, writes Amanda Battersby.

Andalas has entered into a conditional agreement to acquire a stake in the Bunga Mas production sharing contract onshore South Sumatra.

The deal is for an initial 25% participating interest in the onshore PSC with the right to increase this to 49% and then further to 100%.

Completion of the transaction is dependent on various matters, including the existing operator securing an extension to the exploration term at Bunga Mas.

The block is home to the Bunga Mawar discovery that has best prospective resources of 2.09 million barrels of oil in the Air Benakat formation.

Andalas intends first to test the Bunga Mawar field with the aim of converting prospective resources into contingent reserves that would form the basis for a Plan of Development.

The field was discovered in 2012 by the Bunga Mawar-1 wildcat that flowed sweet light crude of 45 degrees API from a sub-surface depth of 704 metres.

“Our initial work programme will target the Bunga Mawar field, following which we expect to submit, for approval, our Plan of Development to bring the field into production and will then look to appraise and develop the other oil and gas accumulations on the licence,” said Andalas chief executive Simon Gorringe.

Other prospects on the field include the Bakung, Sakura and Anggrek that have oil potential, and the gas prospect Melati.

The Bunga Mas block is located near existing upstream facilities, which could be useful for a future commercial exploitation of Bunga Mawar.

The hoped-for extension to the Bunga Mas PSC is currently being negotiated with Indonesia’s upstream regulator SKK Migas.

“The joint venture is actively pursuing this extension,” Gorringe said.

He would not elaborate on when the acquisition might be completed.

More than $111 million has been spent to date on the block, some of which might be available for cost recovery for Andalas if it were to go ahead with development of Bunga Mawar.

However, such cost recovery would only apply under an extension of the existing contract and not under a new contract based on the gross split model.

The three existing partners are all subsidiaries of Arctic Bay Ventures, and Andalas intends to acquire them in stages, initially via a share deal to take over Bunga Mas Energi that has a 25% participating interest in the PSC.

Andalas has the right to acquire the remaining subsidiaries — Bunga Mas International Company (51%) and Dorato Fiore Pacifico (24%) — for a nominal $1 each
Boom123
Posts: 9,788
Opinion:No Opinion
Price:0.95
RE: Badger
Today 14:31
All online FB

Need this to land ,it's taken ages but keep focused mate this is multibagger in the making from this cap

Mawar Oil Discovery tested 85 BOPD.
1 appraisal well to commercialized
200k barrels.

Up to 52 mmblls on the PSC .

Within the PSC, the core asset is the Bunga Mawar field, estimated to contain 2C contingent
oil resources of 0.22 mmbbls and best estimate prospective resources of 2.09 mmbbls in the
Air Benkat formation. Andalas expects that initial work on the PSC will involve testing the
Bunga Mawar field to convert prospective resources to contingent resources thereby
formulating the basis of a longer term multi-well development plan.
The project’s economics are enhanced considerably by previous expenditures on the PSC
totalling US$111.7m of which a proportion is expected to represent a recoverable cost pool
attributed to the Bunga Mawar field
Fatherbrownxxx
Posts: 210
Opinion:Strong Buy
Price:0.95
RE: Badger
Today 14:05
Boom. How do you find this stuff? Nice post. FB
Boom123
Posts: 9,788
Opinion:No Opinion
Price:0.95
Badger
Today 13:40
Simco is pleased to offer this exciting opportunity in the prolific UK Southern North Sea Gas Basin on behalf of Holywell Resources, as operator of Licence P2112. Licence P2112 covers four part blocks and contains the Badger Prospect, a significant Base Permian/intra-Carboniferous prospect with upside GIIP in excess of 560 bcf. Planning is underway to drill an exploration well in Q2 2019 and interested companies are invited to farm-in on a promote basis and assist with the funding of this well.
Boom123
Posts: 9,788
Opinion:No Opinion
Price:0.95
RE: Trade at 0.95
Today 07:58
Great buying at that price ,I think most average 1p and the placees 1.15p
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