Andalas is developing an International energy business focused on developing upstream assets in Indonesia and the UK.

In Indonesia, we plan to acquire and progress conventional on-shore undeveloped discoveries. Our focus is on assets with low-risk opportunities and high exploration upsides where we can control the timeline of development and expenditure as the majority owner and operator.

In the UK, our strategy is to acquire and develop offshore conventional assets with a broad spectrum of maturities, which may include prospective resources.

The Company is also actively assessing additional conventional upstream oil and gas projects, which have the potential to bring nearer term cash flow potential that is expected to be complementary to its existing projects.