Andalas shares slide as it announces strategic review
20th Feb 2020 13:12
(Sharecast News) - Andalas Energy and Power announced on Thursday that, following the recent changes to its board on 4 February, its directors and management team would conduct a review of the business, with a view to formulating a revised strategy.
Read moreAndalas reports inconsistent flows at Betun Selo workover
5th Nov 2019 15:00
(Sharecast News) - Upstream oil and gas company Andalas Energy and Power updated the market on its operations on the Betun Selo KSO on Tuesday, in which it has a production interest further to the agreement announced on 21 June and was currently undertaking a four-well workover programme on the project.
Read moreAndalas makes good progress with workover programme at Betun Selo
27th Sep 2019 15:37
(Sharecast News) - Upstream oil and gas company Andalas Energy and Power updated the market on operations at the Betun Selo KSO, in which it has a production interest further to the agreement it announced on 21 June.
Read moreAndalas reports decent progress on Betun Selo KSO
16th Aug 2019 16:23
(Sharecast News) - Upstream oil and gas company Andalas Energy and Power updated the market on operations on the Betun Selo KSO on Friday, reporting that the BTN14 well was now producing 30 barrels of oil per day, up from 4.5 barrels per day immediately after completion of the workover on 7 August.
Read moreAndalas enters services agreement for work at Betun-Selo
21st Jun 2019 09:09
(Sharecast News) - Andalas Energy and Power has entered into an operating services and option agreement in respect of the producing Betun-Selo KSO in Sumatra, Indonesia, it announced on Friday.
Read moreColter partners plummet after well testing disappoints
8th Mar 2019 15:40
(Sharecast News) - Shares in Baron Oil, United Oil & Gas, Andalas Energy and Reabold Resources plummeted on Friday after test results showed the north part of the Colter prospect well is "unlikely to yield additional commercial volumes".
Read moreAndalas says acquisition at Bunga Mas likely to fall through
18th Feb 2019 14:06
(Sharecast News) - Andalas Energy and Power updated the market on its proposed acquisition of an interest in the Bunga Mas production sharing contract (PSC) on Monday, which it had initially announced on 29 August last year.
Read moreAndalas dives as acquisition progress falters
12th Feb 2019 15:47
(Sharecast News) - Andalas Energy and Power tumbled on Tuesday after its efforts to acquire the Bunga Mas PSC (PSC) prospect in Indonesia hit a snag due to a dispute with contractors at the site.
Read moreAndalas pleased as Eagle Gas gets extension at Badger prospect
17th Dec 2018 09:12
(Sharecast News) - Andalas Energy and Power updated the market on its investment in Eagle Gas on Monday, reporting that the Oil and Gas Authority had agreed a five-month extension of the initial term of licence P2112, to 19 May 2019.
Read moreAndalas investment Eagle Gas negotiating licence extension
10th Dec 2018 11:23
(Sharecast News) - Andalas, the owner of a 25% interest in Eagle Gas, updated the market on that investment on Monday, reporting that the operator - Holywell - was currently negotiating an extension to the initial licence term which ends on 19 December.
Read moreAndalas Energy acquires interest in Colter prospect
21st Sep 2018 11:08
(Sharecast News) - Upstream oil and gas and energy company Andalas Energy and Power has, through its 100%-owned subsidiary Resolute Oil & Gas UK, entered into an agreement with Corallian Energy to acquire, via a farm-in, an 8% interest in UK Continental Shelf Licence P1918 which contains the Colter prospect, as well as PEDL 330 and PEDL 345.
Read moreAndalas acquires 25% interest in Indonesian oil project
29th Aug 2018 08:42
(Sharecast News) - Andalas Energy has acquired an interest in the Bunga Mas production sharing contract, located in South Sumatra, Indonesia.
Read moreAndalas Energy wraps up seismic work programme at Badger prospect
20th Aug 2018 08:35
(Sharecast News) - Andalas Energy and Power provided investors with an update on its seismic interpretation work programme undertaken on the Southern North Sea Licence P2112.
Read moreAndalas Energy upbeat after first half
1st Feb 2017 13:04
(ShareCast News) - Indonesia-focused upstream oil, gas and power company Andalas Energy and Power announced its half-yearly report for the six months to 31 October on Wednesday - a period in which it was readmitted to AIM to focus on upstream oil, gas and power opportunities in Indonesia. The AIM-tr
Read moreAndalas Energy applies for first gas-to-power project
16th Dec 2016 09:07
(ShareCast News) - Indonesia-focused energy company Andalas Energy and Power announced on Friday that it has submitted an application for its first gas to power project of 2 x 30MW to be included in the Republic of Indonesia's Electricity Supply Business Plan. The AIM-traded firm said the applicatio
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