1 June 2018
Andalas Energy and Power
Plc
(‘Andalas’ or the ‘Company’)
Chief Executive
Interview
Andalas Energy and Power Plc, the AIM traded upstream oil and
gas energy company (AIM: ADL), announces that Simon Gorringe, Andalas CEO, recorded a video
interview on 23rd May
2018, which has been released today.
The interview does not contain any new material
information.
In the interview Simon answered a question regarding the
financial expenditures of the Group. The information provided
was based on the financial accounts of the Group for the period
1 May 2015 through to 31 October 2017 (extracted from the financial
information reported in the audited financial statements for the
years ended 30 April 2015 and
30 April 2016 and the unaudited 6
month period ended 31 October 2017). The analysis was as
follows:
| Category |
Analysis
(unaudited) |
| Travel |
12.2% |
| Brokers and costs of share
issues |
17.5% |
| Rest G&A |
9.1% |
| Due diligence (data
purchase/studies/consultants) |
38.1% |
| Directors |
18.7% |
| Readmission |
4.3% |
| Total |
100.0% |
The interview can be viewed the
following web address:
https://m.youtube.com/watch?feature=youtu.be&v=hAPudatepbw
-ENDS-
For further information, please contact:
| Simon Gorringe |
Andalas Energy and
Power Plc |
Tel: +62 21 2965
5800 |
| Roland Cornish/ James Biddle |
Beaumont Cornish
Limited
(Nominated Adviser) |
Tel: +44 20 7628
3396 |
Colin Rowbury
|
Novum Securities
Limited
(Joint Broker) |
Tel: +44 207 399
9427 |
| Christian Dennis |
Optiva Securities
Limited
(Joint Broker) |
Tel: +44 20 3411
1881 |
| Stefania Barbaglio |
Cassiopeia Services
Ltd |
Stefania@cassiopeia-ltd.com |