Andalas Energy and Power Plc Rig contract signed
September 28 2018 - 1:00AM
UK Regulatory
TIDMADL
28 September 2018
Andalas Energy and Power Plc
('Andalas' or the 'Company')
Rig contract signed with Ensco for a jack-up to drill the Colter well
Andalas Energy and Power Plc, the AIM listed upstream oil and gas and energy
company (AIM: ADL), is pleased to announce an update on its Colter prospect, in
which it recently announced an agreement to earn an 8% interest.
The operator, Corallian Energy Limited ("Corallian"), has signed a contract
with UK based drilling contractor Ensco U.K. Ltd for the provision of the
Ensco-72 jack-up drilling unit for its Colter well.
The timing for drilling the well is dependent upon the receipt of the
necessary regulatory approvals and consents. Based upon the current estimates
for receipt of these, Corallian is expecting to commence to drill the well
during Q4 2018.
The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulations
(EU) No. 596/2014 ('MAR). Upon the publication of this announcement via a
Regulatory Information Service ('RIS'), this inside information is now
considered to be in the public domain.
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 Stefania@cassiopeia-ltd.com
Barbaglio Limited
(Public Relations)
END
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