Andes Energia PLC Result of AGM (8720C)
June 30 2016 - 11:28AM
UK Regulatory
TIDMAEN
RNS Number : 8720C
Andes Energia PLC
30 June 2016
30 June 2016
Andes Energia plc
("Andes" or "the Company")
Results of AGM
Andes Energia is pleased to announce that all resolutions put to
shareholders at today's Annual General Meeting of the Company were
duly passed.
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
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 GBP115m. 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 3,550* 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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