Andalas Energy & Power plc ('Andalas') is an existing Aim Investment Company which is completing a reverse takeover pursuant to Rule 14 of the AIM Rules to become an operating company. On completion of the reverse takeover Andalas will be an oil & gas exploration and production company which has entered into an agreement to farm-in to a 30% interest in the Tuba Obi East ('TOE') Technical Assistance Contract ('TAC') in the South Sumatra Basin on the island of Sumatra, within the Republic of Indonesia.

The Company's strategy is to build an Indonesian energy company capturing revenue streams from both power generation and upstream gas exploration and production activities. The Company plans to secure gas supply and to monetise this supply through gas sales to local Indonesian power producers, export pipelines and developing independent power generation operations. The Company will also be opportunistic in identifying and evaluating potential oil producing targets.

Andalas Energy and Power plc issued this content on 27 April 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 29 April 2016 09:36:41 UTC

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