Business
Change of Name to Andalas Energy and Power plc
Change of Name to Andalas Energy and Power plc.
About this update from Beacon Energy Plc
[{"type":"text","content":"\n \nRNS Number : 9540H CEB Resources PLC 03 December 2015 \n \n\n \n3 December 2015\nCEB Resources plc ('CEB' or the 'Company')\nChange of Name to Andalas Energy and Power plc ('Andalas')\n \nCEB Resources plc, the AIM listed investing company, is pleased to announce its change of name to Andalas Energy and Power plc. \n \nThe company's new ticker AIM: ADL and new web address (www.andalasenergy.co.uk) will go live tomorrow. \n \nManaging 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.\"\n \n**ENDS**\n \nFor further information, please contact:\n\n\n\n\nDavid Whitby\n\n\nCEB Resources plc\n\n\nTel: +62 21 2783 2316\n\n\n\n\nCameron Pearce\n\n\nCEB Resources plc\n\n\nTel: +44 (0) 1624 681250\n\n\n\n\nLindsay Mair\nJames Thomas\n\n\nSanlam Securities UK Limited\n(Nomad and Joint Broker)\n\n\nTel: +44 (0) 20 7628 2200\n\n\n\n\nLucy Williams\nCharles Goodfellow\n\n\nPeterhouse Corporate Finance\nLimited (Joint Broker)\n\n\nTel: +44 (0) 20 7469 0930\n\n\n\n\nColin Rowbury\n\n\nCornhill Capital (Joint Broker)\n\n\nTel: +44 (0) 20 7710 9610\n\n\n\n\nFrank Buhagiar\n\n\nSt Brides Partners Limited\n\n\nTel: +44 (0) 20 7236 1177\n\n\n\n\n \nNotes:\nAndalas Energy and Power plc is an AIM listed investing company focused on investing in and/or acquiring companies and/or projects within the natural resources and/or energy sector with potential for growth. The Company entered into an agreement on 5 June 2015 whereby Corsair Petroleum (Singapore) Pte Ltd ('Corsair'), agreed to assign to Andalas its participating interest in a vehicle that intends to consider and, if applicable, invest in oil and gas concessions in Indonesia. 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 produ...