Andalas Energy and Power Plc - Response to Social Media Speculation
15 June 2018 - 9:36PM
PR Newswire (US)
Andalas Energy and Power
Plc
(‘Andalas’ or the ‘Company’)
Response to social
media speculation
The Company notes recent social media discussion regarding the
potential purchase of an interest in an oil and gas asset in
Indonesia, the Bunga Mas PSC
(“Bunga Mas”). In accordance with the Company’s previously
stated strategy, the Company continues to evaluate a number of oil
and gas projects, of which Bunga Mas
is one. However, discussions remain at an early stage and
commercial terms are yet to be agreed. There is no guarantee
that terms will be agreed in respect of Bunga Mas but, should they be, or indeed should
the Company reach agreement in respect of the acquisition of
interests in any other projects, it will update investors at the
appropriate stage.
The Company makes no comment regarding speculation on the
potential resource or working interest.
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 |
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