12th Dec 2013 07:00
Andes Energia plc
("Andes" or "the Company")
Change of Registered Office Address
The Board of Andes (AIM: AEN; BCBA: AEN) announces that it has changed its registered office address for the Company to:
2nd Floor,
Berkeley Square House,
Berkeley Square,
London,
W1J 6BD,
United Kingdom
The Company's telephone number has also changed to: +44 20 7969 1828.
All other details remain the same including the Company's website (www.andesenergia.com), which includes the information required by AIM Rule 26.
For further information please contact:
Andes Energia plc | Nicolas Mallo Huergo, Chairman Alejandro Jotayan, CEO Billy Clegg, Head of Communications
| T: +541141105150
T: +442079691828 |
Westhouse Securities | Antonio Bossi David Coaten
| T: +442076016100 |
Buchanan
| Tim Thompson Ben Romney | T: +442074665000 |
Note to Editors:
Andes Energia is an oil and gas company focussed on onshore South America with a market capitalisation of circa £150m. The Company has operations in Argentina, Colombia, Brazil and Paraguay, representing three of the largest economies and three of the four largest oil producing nations in South America.
The Company has 20MMbbls of conventional 2P reserves in Argentina and certified resources of 600MMBoe, mainly in the Vaca Muerta unconventional formation in Argentina and 7.5million acres across South America.
The Company has approximately 2 million net acres in unconventional plays including 213,000 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 the USA. The Vaca Muerta formation already has over 200 wells drilled.
The Company currently produces 1,400 bbls per day in Argentina from 7 conventional fields, with positive cashflows generated. Andes Energia, with its partner YPF, has 30 wells planned over the next 12 months, all of which are fully funded.
Related Shares:
PGR.L