Advance Energy NPV (ADV)

Sector:

Energy Producers

Index:

FTSE AIM All-Share

 0.090p
   
  • Change Today:
      0.000p
  • 52 Week High: 5.30
  • 52 Week Low: 0.085
  • Currency: UK Pounds
  • Shares Issued: 1,527.61m
  • Volume: 2,584,588
  • Market Cap: £1.37m
  • RiskGrade: 178

Andalas reports decent progress on Betun Selo KSO

By Josh White

Date: Friday 16 Aug 2019

LONDON (ShareCast) - (Sharecast News) - Upstream oil and gas company Andalas Energy and Power updated the market on operations on the Betun Selo KSO on Friday, reporting that the BTN14 well was now producing 30 barrels of oil per day, up from 4.5 barrels per day immediately after completion of the workover on 7 August.
The AIM-traded firm said the well was performing ahead of expectations.

At BTN01, it said the workover encountered a 11-metre column of scale, which necessitated a mechanical clean-out of the well and acidisation of the wellbore and perforations similar to the work carried out on BTN14.

"The rig is currently reinstating the well with the larger pump and will restart production from this well in the coming days," the Andalas board explained in its statement.

On BTN03, Andalas said that upon full reinstatement of the BTN01 pump, the rig would move to the BTN03 location, where it would be upgraded in preparation for the workover.

"[The workover is] expected to commence by the fourth week of August, subject to securing the necessary explosive permits from the Government and Pertamina."

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

ADV Market Data

Currency UK Pounds
Share Price 0.090p
Change Today 0.000p
% Change 0.00 %
52 Week High 5.30
52 Week Low 0.085
Volume 2,584,588
Shares Issued 1,527.61m
Market Cap £1.37m
RiskGrade 178

ADV Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
11.25% above the market average11.25% above the market average11.25% above the market average11.25% above the market average11.25% above the market average
37.35% above the sector average37.35% above the sector average37.35% above the sector average37.35% above the sector average37.35% above the sector average
Price Trend
51.48% below the market average51.48% below the market average51.48% below the market average51.48% below the market average51.48% below the market average
88.51% below the sector average88.51% below the sector average88.51% below the sector average88.51% below the sector average88.51% below the sector average
Income Not Available
Growth Not Available

ADV Dividends

No dividends found

Trades for 17-Aug-2022

Time Volume / Share Price
15:48 120,991 @ 0.085p
15:21 1,000,000 @ 0.086p
12:57 160,000 @ 0.090p
10:01 167,037 @ 0.090p
08:37 400,000 @ 0.090p

Top of Page