Andes Energia Share Discussion Threads

[stuart14] 09/1/2013 13:00

Nice buy KO!

[mcbull] 09/1/2013 12:27

This time last year, 84p

[bc4] 09/1/2013 09:01

This cud be the start of a decent run. Last time it hit just short of a £1

[stuart14] 23/11/2012 12:09

Did they ever give any indication as to when Andina will begin to trade. I seem to be holding shares not listed in my account!

[empirestate] 13/11/2012 22:32

should be interesting to see if this bounces from here, been a tad quiet on the board, reckon there should be an update from the co soon

[shuell] 18/9/2012 11:15

smraynot, you have posted these type of messages on many different threads!!

[smraynot] 17/9/2012 19:36

Great news coming?100p+

[flyingbull] 30/8/2012 23:33

Just a short message to let you know the September oil stock competition is now open, link attached below.

[polyps] 30/8/2012 23:23

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?

[maytrees] 21/8/2012 14:11

Good aafternoon

Recent share price falls led me to sell and buy back in at sub 28p

[maytrees] 01/8/2012 09:31

Good morning

Interesting and unusual for AEN number of automated buys today caused me to buy a few again - dyor

[flyingbull] 31/7/2012 13:32

Fancy a hot summer challenge? The August oil stock competition is still open. Deadline for entries is midnight tonight....


rgds,
fb

[r4282] 23/5/2012 12:09

Resource Nationalism: the Usual Suspects or a Wider Problem?

[pugugly] 02/5/2012 09:48

Down again on more nationalization - This time in Bolivia - I an now avoiding many counties in South America due to politcal risk.

[the news girl] 24/4/2012 21:45

April 24, 2012 5:49 pm
Argentine 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 . ;. . There are currently a number of import hurdles that make it difficult for the industry to bring in tools and equipment," said Michael Bose, country manager for Apache Corp in Argentina.
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.

[stluke] 20/4/2012 15:58

Looking strong this afternoon maybe fortune favours the brave after all, if things were that bad then surely the company would have said something.

[stluke] 18/4/2012 07:15

Yes london calling, as the company has pointed out this morning however the country has vast untapped reserves which will need to be exploited by someone and that someone looks like Sinopec in partnership with companies like Andes and the government.

Andes assets and ownership remain in place and are in the right place so I feel this fall is offering a oppurtunity for the braver investor considering these were trading at over 80p a month ago.

[shuell] 17/4/2012 12:50

Too much uncertainty. I will wait until the dust settles.
"Banking sources said they doubted a deal involving Sinopec or another Chinese company would work out given the Argentine government's move to seize control of YPF.

"Maybe it is an opportunity but it is a political minefield," said one banker, who asked not to be identified because he was not authorised to speak to the media. "

[stluke] 17/4/2012 12:36

There's your answer Sinopec are taking over and will fund the development this is moving rapidly with YPF/Repsol offthe scene now, I see this as positive for two reasons a) YPF were sitting on the pot and Sinopec will be far more agressive in there strategy and b) if Sinopec are getting the cheque book out they may well come knocking at Andes door soon.

I for one will be filling my boots at this price, as always with AIM the share price over reacts but can somentimes led to great buying oppurtunites.


China Petroleum Corp., or Sinopec Group, has reached a non-binding agreement with Repsol YPF SA (REP.MC) to purchase the Spanish oil company's majority stake in YPF SA (YPF, YPFD.BA), an Argentine subsidiary, for more than $15 billion, Caixin Online reported Wednesday, citing unnamed people close to Sinopec.
The move comes after Argentine President Cristina Kirchner said Monday that she would ask Congress to pass a bill giving the government a 51% stake in YPF, Argentina's largest oil-and-gas company. Repsol owns 57.5% of YPF.
Although the Spanish-language El Confidencial newspaper reported April 10 that China National Offshore Oil Corp. was in talks to buy YPF for more than $9.16 billion, Caixin cited a person saying the report was incorrect and that Sinopec Group had been in talks for some time and had reached an initial agreement to buy the stake in YPF.
The person added that Sinopec hopes to get the approval of Repsol's board of directors to purchase the majority stake. Before signing a binding, commercial contract, Sinopec will also need approval from both the Spanish and Argentine governments, Caixin reported, citing the person.
A Sinopec spokesman couldn't immediately be reached for comment.
Sinopec already owns some oil and gas assets in Argentina. In February 2011, Occidental Petroleum Corp. (OXY) sold its Argentine assets to Sinopec's listed unit, China Petroleum & Chemical Corp. (SNP) for $2.5 billion.