Member Info for doubleup

For Greg and Simon -

Definition: Shareholder value is the value enjoyed by a shareholder by possessing shares of a company. It is the value delivered by the company to the shareholder.

Description: Increasing the shareholder value is of prime importance for the management of a company. So the management must have the interests of shareholders in mind while making decisions. The higher the shareholder value, the better it is for the company and management.

For this to happen, management must exercise efficient decision making so as to earn/increase profits, thereby increasing shareholder value. On the other hand, faulty decision making using unfair tactics might damage shareholder value.

Simon has never made 1p in turnover for ADL but has raised nearly 8 million ........ hmmmmm

Every "project" he has entered with ADL has failed and returned zero apart from mass dilution to its shareholders whilst the BOD have gained financially.

rinse repeat dilute and then consolidate is their business plan and it has worked time and time again, but hay what do I know..... :) im just a troll, ignore the history, ignore the delays and listen Greg.... exciting times are upon us.... this time next year.......

exciting times ahead......

Badger -

Simon Gorringe, CEO of Andalas Energy and Power PLC said:

“We are pleased to increase our exposure to the Badger prospect at this attractive entry point where the current work programme is nearing its conclusion and will culminate in the publication of a resource estimate. Our team has over 25 years’ experience in the UK North Sea, working across 15 fields encompassing every stage of the development cycle, which makes the Eagle opportunity particularly complementary to the team’s skill set.”

Bunga -

Simon Gorringe, CEO of Andalas Energy and Power PLC said “We are very pleased to have reached agreement with the vendor for the acquisition of interests in the Bunga Mas PSC. It is an all share deal structured to align the interests of the vendor and our shareholders and ensure that consideration does not pass and additional costs are not incurred until the deal completes.

notice he says ensure he will ensure additional costs are not incurred..... hmm why did it cost 200k???

Sumatra 1 -

Simon Gorringe, CEO of Andalas Energy & Power, commented, “The Sumatra-1 IPP represents further solid progress. It not only develops and strengthens our project portfolio of IPPs but also diversifies operational and counter party risk, being our first non-Pertamina project. It also underlines the potential for IPP projects in Sumatra, where there are available gas resources, experienced development partners, accessible grid infrastructure and power demand.

“Our joint venture with SEG will bring significant benefits to both parties. SEG’s understanding of the power market combined with our understanding of the gas market enhances our ability to identify and secure further power projects and we expect it will reduce third party development costs. We expect the joint venture to be a nimble decision maker able to deliver outcomes against short timetables.”

colter -

Simon Gorringe, CEO of Andalas Energy and Power PLC said:

“With this transaction and recent fund raises we have completed the first phase of the transformation of Andalas into a well-funded and well-diversified oil and gas company. We now have a portfolio of short, medium and long term value catalysts, in both the UK and Indonesia and we thank shareholders for their support.

“We are acquiring an interest in a fully funded well, planned for the Q4 2018, which is targeting a significant oil prospect that is attractive due to its significant resource potential and also its proximity to the Wytch farm oilfield and its facilities.

“We have worked hard to create a business capable of delivering value to shareholders since the change in the board of the Company We look forward to providing the market with further updates as we make progress across our existing portfolio and the other potential opportunities”

Same old same old.

But hay exciting times ahead .

The reason why Greg is the company do not issue bad news unless forced to like the below......... when will you learn ???

12 February 2019

Andalas Energy and Power Plc

('Andalas' or the 'Company')

Bunga Mas update

Andalas Energy and Power Plc recognises recent press speculation regarding the Bunga Mas PSC ("PSC") acquisition (announced 29 August 2018) and would like to clarfy the current position.

Andalas has been advised that the government of Indonesia ("GOI") has provided the PSC contractors, with an agreement to convert the PSC into a gross split production sharing contract. The contractors, including the vendor, Tilegarre Corporation, have elected not to sign it because certain issues regarding the terms of the renewal have not yet been resolved to their satisfaction.

Andalas has been advised that the GOI has requested that the contractors deposit funds into an escrow account as security against a future work programme. This requirement would result in Andalas having to raise significant amounts of additional capital which has a material negative impact on the economics of the project.

The sale and purchase agreement is conditional on the PSC being extended on terms satisfactory to Andalas and includes a representation from the vendor that no performance bonds or other financial guarantees or obligations are required or in place under the PSC. At this stage, this condition precedent has not been fulfilled and the representation is incorrect.

Andalas will continue to monitor the situation over the coming days as further information becomes available following the decision by the vendor not to sign the gross split PSC.

Andalas expects to be in a position to provide an update on or before 7.00am 18 February 2019.

To date Andalas has incurred direct costs of an estimated £200,000 of legal, professional and other direct costs in connection with Bunga Mas. No consideration has yet been paid to the vendor and will not be paid unless and until Andalas secures an interest in the licence.

Andalas Energy & Power PLC CEO, Simon Gorringe, said: "We are disappointed by the recent developments at Bunga Mas. As its stands the financial commitment required for Andalas to fund its participation in the Bunga Mas PSC would require significantly more capital than the original SPA envisaged. We are currently of the opinion that, without significant changes to the GOI's expectations around funding the commitments it makes it very difficult for Andalas to proceed with the acquisition.

Quick question Greg.... Why do you think the company have not issued production rates for November excluding the last well??? hmmm

Your calling me a Crank, oh I cant wait to laugh at you :)

Miker this is no way intended at you or other genuine investors, just the chief ramper of whom time and time again mocked my loss (although you take the losers with the winners in this game), and when it crumbles of which it will I will mock him some more.

Any sign of the revenues you stated below?? lol

Greg25
Posted in: ADL
Posts: 538
Price: 0.16
Strong Buy
We're in the Times17 Aug 2019 11:13
Hi Guys,

We're getting exposure in the press, ADL are generating revenues which will increase next week.
https://twitter.com/AndalasEnergy/status/1162662832753827841?s=19

Good Luck All Shareholders

No news must be good news hay guys??......guys......guys lol

As The chief ramper says, exciting things are coming...................

And this FB is the hope that dills you through dilution. -

The big thing for the company is now what happens next? They said that they would spend November optimising production on the wells, so that is November dealt with: but what about December, January etc.

So the possibilities are: they are in discussions with CAV about the way forward, other assets, further workovers on wells at Betun, drill Selo, farm out Selo, set up a formal JV and so on. Or do they look to do another deal with another Indo partner? Or Corallian is now funded, are they going to progress the farm out on the Wessex Basin assets?

Still all to play for here.

fyi -

Fri, 1st Nov 2019 15:16

RNS Number : 0387S
Andalas Energy And Power PLC
01 November 2019



Andalas Energy and Power Plc



( the 'Company')



Posting of Notice of Annual General Meeting

Andalas Energy and Power plc, announces that, further to the publication of its Final Results on 31 October 2019, the Company has posted the Notice of Annual General Meeting ("AGM") and the associated Form of Proxy to shareholders.



The AGM will be held at IOMA House, Hope Street, Douglas, Isle of Man, IM1 1AP on 25 November 2019 at 10.00 a.m.



The Notice of AGM and the associated Form of Proxy will be uploaded to the Company's website at: http://www.andalasenergy.co.uk/

Defenders will be back bud, they need something to raise into i.e "a new into deal with CAV", question is why the need to have a billion shares to raise when they have 1.5mill still there in a cln?? the answer to that is the same when they had the last CLN.

but im guessing im totally wrong and others are correct and exciting times are ahead

All resolutions passed, here comes further dilution for you... rinse and repeat...

That the Directors be generally and unconditionally authorised in accordance with articles 5.1 and 5.2 of the Company’s articles of association to exercise all of the powers of the Company to allot up to an aggregate of 1,000,000,000 Ordinary Shares of no par value (in addition to the Ordinary Shares in issue at the date of the Annual General Meeting)

Good luck Miker but will end in tatters, todays is 05/11/2019, lets look back in a month and you will see that you will be no further.

Your wrong,

More JAM.

o BTN01 35.7 bopd - INCREASED FROM 10.4

o BTN04 37.4 bopd - DECREASED.FROM 44

o BTN14 24.7 bopd DECREASED FROM 30.1

Tapper why do directors and or anyone buy shares in a company ?

He would if it was any good and would also back it himself

Imagine having the owner of a race horse telling you to back his horse when he wont even back it himself.

Its no relevant what. he does tbh, if the bod thought the share price would return anything they would buy, simple as that, Simon doesn't even hold £10k of his own company, ask your self why none of them want shares........

rinse at repeat at its finest :)