Andes Energia PLC Annual Report and Accounts and Notice of AGM (8389O)
June 01 2015 - 11:00AM
UK Regulatory
TIDMAEN
RNS Number : 8389O
Andes Energia PLC
01 June 2015
1 June 2015
Andes Energia plc
("Andes" or "the Company")
Annual Report and Accounts and Notice of AGM
Andes Energia announces that copies of the 2014 Annual Report
and Accounts and Notice of AGM will be posted today to all
registered shareholders and will be made available for viewing on
the Company's website, www.andesenergiaplc.com.ar
Further to the announcement on 21 May 2015, the Annual General
Meeting of the Company will be held at the offices of Nabarro, 125
London Wall, London EC2Y 5AL on 25 June 2015, at 2.00p.m.. Please
note the change of address and new time.
For further information please contact:
Andes Energia Nicolas Mallo Huergo, T: +54 11
plc Chairman 4110 5150
Alejandro Jotayan,
CEO T: +44 20
Billy Clegg, Head 3757 4983
of Communications
Macquarie Capital Jon Fitzpatrick T: +44 20
(Europe) Ltd Fergus Marcroft 3037 2000
Nick Stamp
Westhouse Securities Antonio Bossi T: +44 20
David Coaten 7601 6100
GMP Europe LLP Rob Collins T: +44 20
Emily Morris 7647 2800
Camarco Georgia Mann T: +44 20
3757 4986
Note to Editors:
Andes Energia is an oil and gas company focussed on onshore
South America with a market capitalisation of circa GBP180m. The
Company has its main operations in Argentina and Colombia.
The Company has 26MMbbls of conventional 2P reserves, and it
also has certified prospective resources of 659MMboe, primarily in
the Vaca Muerta unconventional formation in Argentina and 7.5
million acres across South America.
The Company has approximately 2 million net acres in
unconventional plays including 250,000 net acres in the Vaca Muerta
formation, which is the second largest shale oil deposit in the
world and the only producing shale oil deposit outside of the USA.
Over 300 wells have already been drilled and fracked in the Vaca
Muerta formation.
Andes is the only AIM quoted company on the London Stock
Exchange with exposure to the Vaca Muerta formation.
The Company currently produces 3,300 bbls per day in Argentina
and Colombia from 6 conventional fields in Argentina and 2 in
Colombia, with positive cash flows generated. Andes Energia, with
its partner YPF, has 30 wells planned over the next 12 months,
which are fully funded by the field production cash flow.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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