Andes Energia PLC Debt Facility (5416Q)
March 01 2016 - 2:00AM
UK Regulatory
TIDMAEN
RNS Number : 5416Q
Andes Energia PLC
01 March 2016
1 March 2016
Andes Energia plc
("Andes" or "the Company")
Debt Facility
Further to the announcement on 5 January 2016, the Board of
Andes (AIM: AEN; BCBA: AEN) announces that pursuant to the debt
facility with Macquarie Corporate Holdings Pty Limited (formerly
Macquarie Capital Group Limited) Andes has repaid in full the
outstanding principal and accrued interest.
Ends
For further information please contact:
Andes Energia plc Nicola Mallo Huergo, Chairman T: +54 11 4110 5150
Alejandro Jotayan, CEO
Billy Clegg, Head of Communications
Macquarie Capital (Europe) Jon Fitzpatrick T: +44 20 3757
2000
Fergus Marcroft
Guy de Freitas
Stockdale Securities Antonio Bossi T: +44 20 7601 6100
David Coaten
Camarco Gordon Poole T: +44 20 3757 4980
Note to Editors:
Andes Energia plc is an oil and gas exploration and production
company focused on onshore assets in South America with a market
capitalisation of circa GBP100m. The Company has its main
operations in Argentina and Colombia.
The Company has approximately 25* MMbbls of conventional 2P
reserves, and it also has certified prospective resources of 640
MMboe, primarily in the Vaca Muerta unconventional development in
Argentina and over 7.5 million acres across South America.
The Company has approximately 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 North
America, currently producing 45,000 boepd. 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 shale.
The Company currently produces approximately 3,300* boepd in
Argentina and Colombia from six conventional fields in Argentina
and two in Colombia, with positive cash flows generated.
*Includes 100% of Interoil's net reserves and production
This information is provided by RNS
The company news service from the London Stock Exchange
END
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