wahlberg
03 Dec 2015
Andalas Energy & Power Change of Name to Andalas Energy and Power plc ('Andalas') CEB Resources plc, the AIM listed investing company, is pleased to announce 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 tomorrow. 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."
wahlberg
02 Dec 2015
Re: The longer this suspension lasts Also, in a recent reply I read on LSE he said he was "ecstatic" with the progress being made - so I personally think the focus will be on the JV with Pertamina - the asset he described as the "holy grail". I think we will see an almost instant move into gas too.We are eagerly awaiting news and the RTO process to begin but there's no reason to lose faith. Just listen again to the Sharepickers podcast 329. I've personally contacted DW and he called me from Jakarta to chat and answer questions. I think we will open over 2p to begin with, but regardless I see this sp reaching double figures in the medium term.
freddie007
02 Dec 2015
Re: The longer this suspension lasts Thank you , very reassuring words from the ceo,.
wahlberg
01 Dec 2015
Re: The longer this suspension lasts Freddie, this should reassure you -"The team and I are on the ground in Jakarta working on the projects we have in our cross hairs. I can appreciate that the suspension can be a period of uncertainty for all the members of the CEB family however I can assure you that we are progressing things on all fronts and when we do come out of the closed trading period we will be a completely different company - from the selection of a new name that is more in line with the strategy of the company (Clean Energy Brazil just doesnt cut it does it). In addition we will be bolstering the board to give us more profile in London and in Indonesia. Progressing on the assets is by far and away our top priority and am pleased with the progress to date.I know that it is difficult to trust any CEO and board in a small market cap field as the track record does not seem to be particularly stellar from many of my peers. However, we have assembled the brightest and best in the Indonesian oil patch ( and around the world for that matter). We are all successful in our own right, all could retire and sit at home but this project gives us all the chance to do what we love to do, work with the best of the best, follow a strategy that is both timely and contrarian and we are not in this game to fail or to succeed just a little.I would suggest to you as I have suggested to the plethora of PI's who have emailed me.. take your shares, put them in the bottom of you sock drawer, and enjoy watching the story unfold as I know it will"
freddie007
01 Dec 2015
The longer this suspension lasts The more negative I feel. Why suspend for so long? If the news is good why not trade shares?Can anyone put my mind at rest .
alltold9
23 Nov 2015
Re: 🚀🚀🚀🚀... Not long to wait now!!
wahlberg
16 Nov 2015
🚀🚀🚀🚀🚀🚀🚀 DW inking deals ✍🏻All the team burning the midnight oil 🕯 and " working it hard "Multibagger🛍🛍🛍
wahlberg
09 Nov 2015
Re: 350% MAJOR RERATING! Hoping 3p+ on return
alltold9
04 Nov 2015
Re: 350% MAJOR RERATING! Lets hope that news follows soon on the reverse takeover and the share rockets back to 15p+ on release from suspension!
profitprodotcom
26 Oct 2015
Re: Dave Whitby interview Sharepickers -... Good morningI've just listened to the podcast 329 again. Wow some of the wording DW uses really do in still confidence. "My team our collective wisdom really puts us among the best in the business""I'm an experienced guy and have done some good but if the new guy joins us it really will turn some heads, I'm mean this guy. You know it makes me look like a gorilla learning sign language compared to this guy. And if he joins us, and I think he will, I mean this guy will really turn heads and make people sit up and listen "Just a snippet but all I can say is I'm glad I bought more but now I'm feeling I want more again lol. He states the figures he was producing he wants to exceed them by quite some margin so minimum we're looking at 3000bopd. DYOR etc but this is going to be a stormer. It really looks like the real deal. @advfn: 329 - CEB Resources CEO Dave Whitby [link] via @audioBoom
profitprodotcom
25 Oct 2015
Re: Dave Whitby interview Sharepickers - sni... What a sweet heads up from DW. Looking forward to what he and his team produce. Note the national oil company he's been making tracks with is Pertamina worth $70.9bn. DYOR
short arms short pockets
23 Oct 2015
Dave Whitby interview Sharepickers - snippets Start-up focusing on onshore producing assets in Indonesia – actively screening and putting offers on the table for Oil fields – before then moving onto Gas – and make the Company into ‘something significant’. An amazing team with a lot of experience – and he is learning himself, despite his experience. PR to show investors assets they are after “serious producing assets, real walking, talking Oil company stuff” South Sumatra - oil producing onshore, then Gas. The new team vast experience, on massive production projects. Farm-in – to add capital to production – core of the asset. Due diligence completed on four assets, 2 offers on the table and another offer going down next week. One asset: 80 wells. Three new wells could pumping 400 BOPD day, but they can’t afford to pump the well off – and optimise the wells potential. There are another seven drills and all the other wells. Second asset: Oil producing asset. Don’t have the expertise to complete the optimisation. Three gas producing wells, but can’t tie it in. Third asset: The most sort after asset in Sumatra, he describes it as the “holy grail in Indonesian oil & Gas”. Joint venture with National Oil company. Ongoing talks for three months. Overwhelming at times and serious stuff. Looks at fields – can they produce 1000bopd? If so, we’d look at it. Looking at a field 400bopd that might go up to 1500bopd with a work programme, with 30-40% net to CEB. DW is impatient, and on top of the deals to ensure they’re closed swiftly. But wont predict timeframes. Very Close – the three coming together. We have another 5 to follow-up after. What could happen if all 8 come in? Dilution would come in, it would be seen as a positive, as it would be used for assets. Building a ‘Serious Company here’, ”we’re in a target rich environment and I want to shoot as many bullets as I can” Comparison to Nido – no way, but he fully intends to have well over 2500bopd net to CEB. The City rewards production and we want to produce. First target is a 3000bopd company. Won’t come on Twitter. About to bring someone on the board, and people will be really excited if he accepts. If you want to make a few pennies, there is stock out there for you. If you want to send your son to Eton, invest here. CEB name/brand to change soon. If you want to learn a bit more about the Company, send him or Simon an email.
riddler24
23 Oct 2015
Doc Holiday @DDS_Doc_Holiday APC TECHNOLOGY/APC BID recieved.
alltold9
23 Oct 2015
Re: 350% MAJOR RERATING! On our way!!! Farm in news? Happy days ahead.
short arms short pockets
15 Oct 2015
9 assets being evaluated, one offer in. "Over the past 18 months Corsair has identified and screened over 60 opportunities, high graded 12, and a detailed technical and commercial evaluation of 9 potential asset acquisition opportunities is well advanced. The strategic plan is to target short-term cash flow from existing oil production and long-term value assets particularly focussed on the Indonesian gas market, where pricing is high relative to other gas markets. A farm-in offer for one asset is now under consideration by its existing owners." Why is this board so quiet?
