25th Jun 2015 11:34
LONDON (Alliance News) - Andes Energia PLC's trading so far in 2015 has been in line with management expectations, with group daily production increasing to 1,950 barrels per day in Argentina and 1,400 barrels per day in Colombia, Chairman Nicolas Mallo Huergo is to tell shareholders on Thursday.
"Oil prices in Argentina remain at USD75 per barrel, with Andes receiving a small discount to this, and in Colombia prices are directly linked to Brent," the chairman will say.
The chairman is due to address shareholders at the company's annual meeting at 1400 BST.
Andes Energia shares were up 2.4% at 32.50 pence on Thursday afternoon.
By Samuel Agini; [email protected]; @samuelagini
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