CEB changes name to Andalas Energy and Power plc
Friday, December 4 2015 - 02:13 AM WIB
LSE?s AIM-listed CEB Resources plc announced Thursday its change of name to Andalas Energy and Power plc.
The company's new ticker AIM: ADL and new web address (www.andalasenergy.co.uk) will go live Friday.
Managing Director, Mr David Whitby, said "We are delighted to announce our change of name to Andalas Energy and Power plc. Andalas is an ancient name for Sumatra. We believe this new name reflects our vision for the Company which is focused on oil and gas production and gas to power projects in Sumatra, Indonesia. We look forward to updating you all on our progress into 2016 and beyond," Managing Director David Whitby said in a statement.
The company said in September it has agreed with PT Akar Golindo (PTAG) to assess the technical and commercial opportunities for monetizing gas in and around the Tuba Obi East oil and gas concession in the South Sumatran Basin.
Editing by Reiner Simanjuntak