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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Andes Energia | AEN | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 49.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 49.00 | 49.00 |
| Top Posts |
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Posted at 28/4/2017 10:41 by gersemi This is from the IC dated 5-Aug-201627. The Vaca Muerta (literally, 'dead cow') is the only oil-producing shale outside the US, and - depending on who you ask - the second- or third-largest shale resource anywhere. The US Department of Energy estimates that the shale contains as much as 27bn barrels of oil and 800 trillion cubic feet of gas, and a Goldman Sachs' report compared the resource potential with the Bakken formation either side of the US-Canada border. Past oil production has left a solid infrastructure legacy, although limited pure-play opportunities for UK investors. One exception is Andes Energia (AEN), which holds approximately 250,000 net acres in the formation, currently producing 45,000boepd. Type: speculative, unconventional - Look at those figures...unbelievab |
Posted at 27/1/2015 11:08 by shuell Andes Energia (LON:AEN), the Argentina focused shale player, had a good week given the rather depressed price for a barrel of crude. But it’s not for its prowess as an oil producer it is being lauded by investors and analysts – rather as an investor. For its 51% stake in Oslo Bourse-listed Interoil Exploration & Production has more than trebled in value in the last three days to £11mln.While IOX is listed in Norway, its interests are in Colombia where it is producing 1,571 barrels oil equivalent per day, and has some 5.7mln barrels of proved and probable reserves. “We are acquiring current production, which provides robust cash flow and additional self-funded exploration and development potential," said chief executive Alejandro Jotayan on Tuesday. Andes now has interests in nine producing oil fields in two countries (Argentina and Colombia). |
Posted at 24/5/2014 12:28 by mirabeau 'We note that our current valuation for Andes Energia's Vaca Muerta potential is based on an IP rate of 500b per day."Andes Energia has already enjoyed success in its three Vaca Muerta shale wells. The most recent, Las Varillas x-1, in the El Manzano block, triggered a 20% jump in the group's AIM-quoted shares in February. Las Varillas x-1 discovered 125 metres (410 feet) of gross pay in the Vaca Muerta shale formation with a "persistent presence" of oil shows. It is planned that the Vaca Muerta shale will be fracked and tested. In the meantime, samples have been taken, and the findings will be available in a couple of months. Currently trading at around 50p per share Andes Energia has more than doubled in past year, in tandem with the Vaca Meurta's rise to prominence and as investors begin to recognise the potential of what has been described as a world-class shale play. 'Dollar per acre' metrics from deals in Vaca Muerta thus far suggest the company's 213,000 acres could be worth something in excess of U$2bn (£1.2bn).' - £268m mkt cap against the value of their VM stake at £1.2bn..that's almost a 500% differential !! - The Wintershall/GyP deal which was announced last month valued the acreage at $7,500 each, while the Chevron, and Dow Chemical/YPF deal which was announced last month value the land at $10,000/acre |
Posted at 13/5/2014 15:47 by steffyloveshares interactive presentation Andes Energia boss talks investors through strategy Andes Energia (LON:AEN) chief executive Alejandro Jotayan gives investors a step-by-step guide to the company's plans over the next 24 months. He also explains how Andes plans to use cash flow from conventional production to boost its unconventional profile in Argentina's Vaca Muerta, the only producing shale play outside of North America. Jotayan tells investors that with 24 new wells planned for Vaca Muerta over the next two years, it will be a busy period for the AIM oil group. |
Posted at 29/12/2013 22:29 by ethelredtheready INVESTORS IN ANDES ENERGIA may enjoy some of these links that i have managed to gather up...quite impressive. I hold this stock and can see AEN trading at 150p minimum sometime in 2014...my target price is 400pEnjoy hxxp://goo.gl/BwClyg hxxp://goo.gl/gfiFNp hxxp://andesenergiap hxxp://www.oilvoice. hxxp://www.barchart. hxxp://gbroundup.com |
Posted at 11/10/2013 20:27 by simon gordon FT - 11/10/13:With midterm elections on October 27, in which Ms Fernández's party (a breakaway Peronist faction) is expected to lose its congressional majority followed by 2015 presidential elections for which she cannot run her party is deserting her. "We love a sweet flower, but not one headed to the political graveyard," says one member. The prospect of a more business-friendly administration is enticing investors, particularly to Argentina's vast, recently discovered shale gas reserves. "Do you think Chevron would have embarked on its $1.2bn investment in July if it didn't see the writing on the wall?" says one. If Ms Fernández is true to form, she will emerge from hospital vengeful and valiant. Yet some note a new softness since she met the Pope he sent her a get-well telegram this week and her excitement at the possibility he might baptise her first grandchild. That, plus her fading political fortunes and health, could prompt a change of heart, or even retirement. "I'd love to be a judge after 2015," she said recently. The comment was made ironically but, judging by the local stock market up 75 per cent this year it is a hope many share. |
Posted at 17/9/2013 01:08 by empirestate Mr. Mayoral said local stocks have been rising since a recent primary election indicated the government will lose power after the October election."Before and after the election, investors from outside Argentina started buying local stocks, speculating that the election result would lead to a better outlook [for the private sector]. Banks were the first to benefit from this. Energy companies had been left behind and prices were low, so it's logical they would start benefiting from the idea that prospects might change," Mr. Mayoral said. Could see some positive momentum for a change here. |
Posted at 19/4/2013 22:36 by empirestate A bit of late evening news from ArgyBUENOS AIRES--Argentina's government plans to put up to $2 billion into a new petroleum exploration-and-prod The Argentine Hydrocarbon Fund is authorized to lend money, contribute capital and buy securities issued by oil companies in which the government has an equity stake, according to a resolution published Friday in the government-published Official Bulletin. The government controls energy companies Enarsa and YPF SA (YPF, YPFD.BA). It wasn't immediately clear how President Cristina Kirchner will capitalize the fund. Barclays said in a report it thinks the money will come from central bank's foreign currency reserves. The 2013 budget earmarks almost $8 billion of reserves to pay creditors. But economic growth of just 1.9% last year means that Argentina won't have to pay several billion dollars to investors that own securities whose payouts are linked to the economy's performance. "We expect, therefore, the treasury to tap reserves and issue a low-coupon hard-currency bond [most likely not marketable] to the central bank," Barclays economist Sebastian Vargas wrote. A spokeswoman for the Economy Ministry didn't immediately reply to a phone call and email seeking comment. The central bank, a virtual appendage of the Economy Ministry, is struggling to rebuild its reserves even as a bumper soybean harvest brings billions of export dollars into the country. On Thursday, those reserves, which the government uses to pay its creditors and buy imported fuels like natural gas, slipped to a six-year low of $39.8 billion. Analysts blame the gradual erosion in reserves on the decline in the value of the bank's gold holdings and persistent capital outflows. A fire last month that crippled YPF's largest refinery which supplies about 30% of Argentina's domestically produced fuel will force the state controlled company to import significantly more diesel and gasoline this year, putting even more pressure on reserves. Mrs. Kirchner seized a controlling stake in Argentina's No. 1 oil and gas producer, YPF, from Spain's Repsol SA (REPYY, REP.MC) last year and has tasked the company with reversing years of declining production that have turned Argentina into a net energy importer. Mrs. Kirchner accused Repsol of decapitalizing YPF through an overly generous dividend policy, which left the firm with scant resources to reinvest in its business. Repsol has denied those accusations and is suing her government for about $10.5 billion in compensation for its YPF shares. YPF invested 16.48 billion pesos ($3.2 billion) in 2012, an increase of nearly 26% on the year. The company is also seeking foreign investors to help it develop what are believed to be the world's third-largest shale gas deposits, which are mainly located in the Patagonian province of Neuquen. Last year, YPF held talks with Norway's Statoil ASA (STO, STL.OS), Russia's government-controlle In December, YPF signed a preliminary agreement with Chevron to spend $1 billion to drill 100 wells in Neuquen, and in a separate deal it agreed to invest $1.5 billion with a company linked to Argentina's Bulgheroni family. Should this be good news for AEN ? |
Posted at 30/8/2012 23:23 by polyps Looks like we may be partners with Exxon or Chevron. This mane the cause of the sharp rise?!That might even increase the tariff per barrel to increase the heavy investment needed? Oil is there, will Cristina continue to pillage investors or now they own most of it let some development? |
Posted at 24/4/2012 21:45 by the news girl April 24, 2012 5:49 pmArgentine rules hinder oil exploration By Jude Webber in Buenos Aires Argentina has the geological conditions to be the world's next big frontier for exploration of shale oil and gas. But even before last week's nationalisation of YPF, the Spanish-owned oil company, which sent shockwaves through the industry and has put shale development in the Neuquén basin in western Argentina on hold, Argentina's new import restrictions were threatening to strangle exploration. The government of Cristina Fernández has been tightening restrictions on imports in recent months to shore up a shrinking trade surplus by favouring local production. Since February, importers in all sectors have been required to obtain prior permission from the authorities, which can lead to delays or shortages. "The rig market in the Neuquén basin is fairly tight at the moment . Argentina spent $9.4bn importing fuel last year a key reason cited by Ms Fernández for expropriating the bulk of Repsol's shares in YPF and putting the group under state control and has high hopes of the hydrocarbon prospects in the Vaca Muerta (Dead Cow) bedrock formation in Neuquén. YPF has announced a 1bn barrel discovery there and the US has signalled that the country could contain the world's third-largest shale resources, behind the US and China. But rigs and other specialist equipment are in short supply in Neuquén, and companies also need to prepare for the shale revolution with training, according to Rubén Etcheverry, head of Neuquén's provincial energy company, Oil & Gas of Neuquén, which partners with oil companies in some exploration areas. "When this production boom starts, we won't have enough people or rigs and pumping equipment," he said. "We are trying to develop [the conditions] so that equipment can come." Mr Bose of Apache said: "It will be very difficult to develop Vaca Muerta or any other large project because of the lack of infrastructure equipment and resources required to support that kind of activity". Big US oil services companies, including Halliburton and Schlumberger, have been active in Argentina for decades. Schlumberger, which has a contract with YPF for a range of services, operates the first fully dedicated shale completions crew in Latin America and has performed more than 100 treatments in Vaca Muerta. To try to overcome equipment and training bottlenecks, the province is organising a workshop next month to bring service companies with shale experience together to help foster alliances between local and multinational companies. It hopes thiswill help spur local production of equipment for the industry. The YPF nationalisation, expected to be approved in the Senate on Wednesday before passing to Argentina's lower house of Congress, was the culmination of months of speculation and government pressure on YPF that, even before last week's announcement, was spooking investors. Mr Etcheverry remains optimistic that shale will take off in earnest in Argentina within the next three to five years. "There is an urgent need for local reserve development and production growth in Argentina and the country has few alternatives but to ensure they are developed," echoed Mr Bose. Though Argentina's shale promise has attracted big oil companies including ExxonMobil, EOG Resources and Total, as well as junior players, it is YPF that has advanced the furthest in exploration. Overall, 83 unconventional wells were drilled in the province in 2011, and 120 are planned, said Mr Etcheverry. "From 2012, shale will represent more than 50 per cent of all exploration in Neuquén," he said. The province has half of Argentina's gas and a quarter of its oil reserves. It is the top gas-producing province and ranks second for oil. |
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