11 April 2016
Andalas Energy and Power Plc
("ADL" or the "Company")
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 ("TOE") 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:
* New Board and senior management appointments including highly experienced
non-executive Chairman, Mr Paul Warwick, and Finance Director, Mr Dan
Jorgensen and other senior in country appointments;
* Combined, the management team has over 250 years of industry experience and
has in excess of half a century of direct experience in Indonesia;
* The appointment of Cantor Fitzgerald Europe as Nomad and broker to advise
on the Company's readmission to AIM and support its longer term ambitions
to become a major player in the Indonesian energy and power sector; and
* A fresh new logo and change of name to Andalas Energy and Power, which is
the ancient name for Sumatra and more fully captures the Company's
aspirations in the country.
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 Cantor Fitzgerald Europe Tel: +44 20 7894 7000
Craig Francis (Nominated Adviser and Joint
Broker)
Lucy Williams Peterhouse Corporate Finance Tel: +44 20 7469 0930
Charles Goodfellow Limited (Joint Broker)
Colin Rowbury Cornhill Capital (Joint Tel: +44 20 7710 9610
Broker)
Frank Buhagiar St Brides Partners Limited Tel: +44 20 7236 1177
Susie Geliher