Andalas Energy and Power Plc Chief Executive Interview
June 01 2018 - 5:36AM
UK Regulatory
TIDMADL
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 Andalas Energy and Power Plc Tel: +62 21 2965 5800
Gorringe
Roland Beaumont Cornish Limited Tel: +44 20 7628 3396
Cornish/ (Nominated Adviser)
James
Biddle
Colin Novum Securities Limited Tel: +44 207 399 9427
Rowbury (Joint Broker)
Christian Optiva Securities Limited Tel: +44 20 3411 1881
Dennis (Joint Broker)
Stefania Cassiopeia Services Ltd Stefania@cassiopeia-ltd.com
Barbaglio
END
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