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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Andes Energia | LSE:AEN | London | Ordinary Share | GB00B7LHJ340 | ORD 10P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 49.00 | 48.00 | 50.00 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Jun 2019 to Jun 2024
TIDMAEN
RNS Number : 2143N
Andes Energia PLC
21 October 2016
21 October 2016
Andes Energia plc
("Andes" or "the Company")
Share Price Movement
The Board of Andes (AIM: AEN; BCBA: AEN), the producer and explorer in Argentina and Colombia, notes the recent share price increase and announces that the Company knows of no specific reason for the share price increase.
For further information, please contact:
Hot Features
Premium
Andes Energia plc T: +54 11 5530
Nicolas Mallo Huergo, Chairman 9920
Alejandro Jotayan, CEO
Billy Clegg, Head of Communications
Stockdale Securities Antonio Bossi T: +44 20 7601
David Coaten 6100
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 GBP95m. 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 3,525* 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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(END) Dow Jones Newswires
October 21, 2016 10:23 ET (14:23 GMT)
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