TIDMAEN

RNS Number : 6398K

Andes Energia PLC

20 April 2015

20 April 2015

Andes Energia plc

("Andes" or "the Company")

Corporate Presentation

The Board of Andes (AIM: AEN; BCBA: AEN) is pleased to announce that its most recent corporate presentation is available on the Company's website at www.andesenergiaplc.com.ar

For further information please contact:

 
 Andes Energia plc            Nicolas Mallo Huergo, Chairman         T: +54 11 4110 
                               Alejandro Jotayan, CEO                 5150 
                               Billy Clegg, Head of Communications 
                                                                      T: +44 20 3757 
                                                                      4983 
 Macquarie Capital (Europe)   Jon Fitzpatrick                        T: +44 20 3037 
  Ltd                          Fergus Marcroft                        2000 
                               Nick Stamp 
 Westhouse Securities         Antonio Bossi                          T: +44 20 7601 
                               David Coaten                           6100 
 GMP Europe LLP               Rob Collins                            T: +44 20 7647 
                               Emily Morris                           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 GBP150m. 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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