6 May 2016
Watson Farley Williams Asia Practice LLP (“WFWAP”), the Singapore office of International law firm Watson Farley & Williams, has advised Andalas Energy and Power plc (“Andalas”) on its conditional farm-in to the Tuba Obi East Technical Assistance Contract, which constituted a reverse takeover pursuant to the AIM Rules for Companies, re-admission to AIM and conditional placing raising £2.6 million.
Andalas focuses on power generation and exploration and production activities in Indonesia.
Partner Chris Kilburn led the team, supported by senior associate Neil Calder, associate Elizabeth Muir and trainee Catherine Killeen.
Chris commented “This was an important first step for Andalas against difficult market conditions in the oil and gas sector. It will be interesting to follow the company’s drilling program in the near term and also longer term goal to implement its gas to power strategy in Indonesia. WFW has been ranked No1 for advising AIM listed oil and gas companies over many years now and it was good to be able to draw on this experience, our understanding of the regional Indonesian market and our capabilities as a market leader in the Asia Pacific oil and gas sector as part of the transaction”.