AIM Soiree Butler Andes Energia AEN.L

Andes EnergiaAndes Energia plc is a Latin American energy group active in electricity distribution, hydro-electric power generation and oil and gas exploration and production.

Andes Energia is trading below the moving 50 day average and below the moving 200 day average on below-average volume.
Visit the Andes Energia website.
Trade Andes Energia long or short on margin at City Index .
324 of 900
Overall AIM Rating
What does this mean?
4 of 9
Utilities Rating
What does this mean?
45.5p
Previous Close
Real time prices at ADVFN

All 900 AIM Soiree Share Pages


AIM Soiree Top 100 Shares by Rank

Click here for Andes Energia Discussion on ADVFN

ADVFN
  • Volume by waytogo333
    Mon, 18 Aug 2014 15:51:00 GMT

    Bit more volume than usual today and a nice 8% rise in SP.

    Maybe that update is on its way? By waytogo333
  • Update required by waytogo333
    Mon, 23 Jun 2014 14:45:00 GMT

    Could really do with some test results news to stop this slide. Presuming its a 'no news' slide, as nothing's changed regarding the discovery and no dates have been missed.

    Excellent potential IMO and only wish I'd traded it when around the top. Still, I'm more of an investor and in for the long term. Would think a definate buy at this price, but DYOR. By waytogo333
  • Re: Grim by dickie3times
    Tue, 17 Jun 2014 23:06:00 GMT

    We're being 'shorted'...imo

    UPdate
    Thanks for all your support. We are now at 4,178 votes!

    (that's A LOT of irate investors!)

    Investors are saying something? They are voting in their thousands !


    HMGovt epetition, make short selling illegal !

    (or at least better regulated)

    * cast your vote here....
    link

    * read more -( a lot more ! )
    link

    Bookmark the links if you wish to 'pass the LINK/s on'.... or read later?

    BE A PART OF IT



    # The big problem with shorting is that THEY (the shorters) WOULD most likely lose most of their money IF they just 'bet' on the price going down without trying to 'help' it down?

    So, there is the 'catch 22' scenario. No one would know of an RNS to be released that will contain BAD NEWS, if they did and then 'shorted' the stock, then they are guilty of 'insider trading'.

    The only sure way to short a stock and WIN is to spread dis-information to defame the company with help from other posters that are in concert with them. To ENSURE that they don't lose the biggest part of their 'short', ironically, then, they must deramp with (seemingly) believable posts.

    When the pro's do it, they simply get the media or well known 'crooked' tipsters, analysts or brokers to do it for them. (say no more). .They're all in cahoots with each other!


    ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

    The campaign against shorting is for the benefit of the 'cheated' investors that cannot control their investments due to the dirty tricks played out by co-ordinated deramping in order to tank the sp to abnormally low levels.

    When the campaign is complete, the results will be reviewed by Govt legislators re- further action! The branch of the FSA ie FCA will be asked by Davide Serra to conduct an investigation into short selling practices, with the view to either an outright ban on short selling or at the very least to be better and more vigorously regulated.

    The HMGovt epetition is a regulated site with legal authority that will NOT under any circumstances allow any auspicious individuals to prevent 'others' from casting their free votes. Discussions of which are freely entered into with individual viewpoints.

    By dickie3times
  • Free 2014 IPO Guide
  • Grim by waytogo333
    Fri, 06 Jun 2014 13:53:00 GMT

    Pretty grim slide in Sp since news of the discovery. Would have thought that we were due news soon on the outcome of the Geochemical data analysis? By waytogo333
  • Re: Beware short selling 'raiders' ... by dickie3times
    Mon, 19 May 2014 20:48:00 GMT

    UPDATE....3,136 signatures.and rising fast?

    Momentum is gathering pace and this campaign is moving faster than was ever anticipated, thanks to all of you that voted and POSTED over the link.

    NB The fact that these e-petitions require 100,000 signatures is not so important. THAT figure is required in order to get the GOVERNMENT to take ACTION!

    link
    What we are after is for the FCA to act and do something about organized short selling and we believe THEY WILL do so on just a fraction of the votes required. 12,000 votes by August 24th 2014 is possible and that is our TARGET !

    7,000 votes could be enough for the FCA to consider this cause? TO IGNORE that amount of investors would be bad policy?

    MP and adviser to the GOVT on banking, Davide Serra is lobbying Parliament to ACT !
    link

    HE wants ACTION by the FCA to do SOMETHING !

    With the numbers of votes growing DAILY this campaign could be a useful lever for him to put pressure on the Govt to intervene and either make a ruling themselves, or put pressure on the FCA.
    Bringing AWARENESS to this diabolical practice is the most important issue here?
    IF the FCA does nothing at all, then in time AIM could be affected badly as investors sell up FOR GOOD?

    did ya vote?
    link

    IF EVER THERE WAS A CASE FOR BANNING SHORT SELLING THIS IS IT. NOW IS THE TIME TO END IT AND MAKE IT ILLEGAL !

    link By dickie3times
  • Beware short selling 'raiders' ... by dickie3times
    Fri, 25 Apr 2014 23:25:00 GMT

    Short selling should be banned. Petition:

    https://submissions.epetitions.direct.gov.uk/petitions/62851

    Investors may research a company for years and when they are satisfied that the company is fundamentally sound and had taken investment advice. They then proceed to invest their life savings for their retirement.
    NO ONE SHOULD BE ALLOWED TO SHORT A STOCK THUS DEPRIVING OTHER INVESTORS OF THEIR LIFE'S SAVINGS, WHEN FUNDAMENTALLY, NOTHING HAS CHANGEDdividends can also be affected by this diabolical practice !


    You may be one of those that had benefited by the shorters that deliberately joined forces to pull down QPP by publishing libelous articles, however, this is not just about QPP.
    IT's about every stock on AIM and who knows, your next investment may be shorted like this was and NEXT TIME you may not be so fortunate to benefit ?
    BANNED in many countries including Germany, they obviously see it as criminal.

    I see it as seriously diabolical ? Any investor that is concerned that "Short selling raiders" could aggressively attack your investment should seriously consider signing this petition. Let's make it work, post the link on, so we can get universal support ?

    https://submissions.epetitions.direct.gov.uk/petitions/62851

    Last year AEN had already been targetted by short selling raiders, in most cases they go unnamed. Luckily we (AEN), has been mostly untouched by short selling raiding parties, however, in Quindell's case this was a 'raiding party' of high ranking well known shorters. The forthcoming libel action in the US is an inconvenience that investors could do without and when these 'raiding' parties pounce, they really mean to harm the business. But when it involves research advisory out-fits like the shambolic Gotham City, (Evel Knievel) Simon Cawkwel, Tom Winnifrith....then kiss your investment good-bye !


    "Outsourcing group LSE:QPP:Quindell released a detailed response to Gotham City Research's publication on Friday, calling the note a "coordinated shorting attack".Senior independent non-executive director and vice chairman of Quindell, Tony Bowers ..."

    link
    By dickie3times
  • Re: This morning's RNS - by Spadeychops
    Fri, 14 Feb 2014 13:43:00 GMT

    I'm invested here, but only have a small holding of a few thousand shares and it's pleasing to seem the bounce up.

    I'm interested to find out more on the electricity company split, as I have was give a few thousand shares in the other company which even after a year or two, are still valued at zero, so because of that I'm still underwater with this investment. Seems hardly any news out there on those! By Spadeychops
  • looks like AEN will shine? by dickie3times
    Sun, 09 Feb 2014 21:59:00 GMT

    20percent..good proactive article, looks like AEN will shine? They'll get preference treatment from the Argentines, imo

    It is the company’s third successful shale well and is particularly significant given its location, in an area of the play where Andes Energia has 170,000 net acres.
    Chief executive Alejandro Jotayan said: “This well, which proved the existence of the Vaca Muerta formation in the El Manzano West block with excellent petrophysical conditions is located in an area where Andes has 170,000 net acres nearby, out of an overall total of 213,000 net acres covering the Vaca Muerta formation.
    “This, together with the conventional discovery of the Mirador del Valle x-1 in the same area and the current productive Chachahuen concession, places Andes in an exciting position to develop these large unconventional and conventional potential resources, together with the other high potential exploration blocks in the Andes's portfolio."
    Barney Gray, analyst at broker Old Park Lane Capital, reckons the drilling success could provide a springboard for the development of a considerably larger area, with both conventional and unconventional resource potential.
    “This is Andes’ third successful well targeting this prolific unconventional formation and also the most northerly to be drilled to date, indicating that the Vaca Muerta formation may be more extensive than previously estimated,” he said. By dickie3times
  • by dickie3times
    Sun, 09 Feb 2014 21:59:00 GMT

    20percent..good proactive article, looks like AEN will shine? They'll get preference treatment from the Argentines, imo

    It is the company’s third successful shale well and is particularly significant given its location, in an area of the play where Andes Energia has 170,000 net acres.
    Chief executive Alejandro Jotayan said: “This well, which proved the existence of the Vaca Muerta formation in the El Manzano West block with excellent petrophysical conditions is located in an area where Andes has 170,000 net acres nearby, out of an overall total of 213,000 net acres covering the Vaca Muerta formation.
    “This, together with the conventional discovery of the Mirador del Valle x-1 in the same area and the current productive Chachahuen concession, places Andes in an exciting position to develop these large unconventional and conventional potential resources, together with the other high potential exploration blocks in the Andes's portfolio."
    Barney Gray, analyst at broker Old Park Lane Capital, reckons the drilling success could provide a springboard for the development of a considerably larger area, with both conventional and unconventional resource potential.
    “This is Andes’ third successful well targeting this prolific unconventional formation and also the most northerly to be drilled to date, indicating that the Vaca Muerta formation may be more extensive than previously estimated,” he said. By dickie3times
  • This morning's RNS - by dickie3times
    Fri, 07 Feb 2014 20:22:00 GMT

    Very surprised to see that no one has bothered to post it. Makes me wonder sometimes if there is any investors out there that bother with iii at all. In any case, there must be investors reading these boards and planning to invest next week in AEN....SO JUST IN CASE you did not read the RNS...great news and shows how big Vaca Muerta may prove to be....so far the indications of hydrocarbons are showing this to be MASSIVEthe share price looks to be unstoppable and i am pretty sure we'll be over 90p soon. Possibly higher?
    Good luck to all those that took some profits, i have yet to do so and have a top-slice target of 30% at 80p and will hope another 30% at 100p+and let the rest run until AEN runs out of steam?

    link

    RNS
    Highlights:

    · 410 feet (125 metres) of gross pay in the Vaca Muerta formation discovered
    · Persistent presence of oil shows in the Vaca Muerta formation during drilling
    · Las Varillas well to be fracked and tested
    · Las Varillas well is the most northern well to be drilled into the Vaca Muerta, where Andes has 170,000 net acres
    · Third successful well targeting the unconventional Vaca Muerta formation in Andes's portfolio
    · Oil discovered in the conventional Agrio formation and in the Neuquen Group

    The Las Varillas x-1 well, the most northerly well to be drilled into the Vaca Muerta, was vertically drilled reaching a total depth of 7,851 feet (2,393 metres) and encountered 410 feet (125 metres) of gross pay in the unconventional Vaca Muerta formation, the primary target. The top of the Vaca Muerta formation was penetrated at a depth of approximately 7,290 feet (2,222 metres). The drilling was characterised by the persistent presence of oil and gas shows through most of the Vaca Muerta interval. Geochemical data were sampled at two metre intervals through the entire Vaca Muerta column. Oil was also found in the mud pits. Two 18 metres core samples from the Vaca Muerta formation have been recovered and a comprehensive suite of logs has been run. The analysis of this data during the next few months will provide information on porosity, permeability, total organic carbon content, thermal maturity and hydrocarbon composition, which will be used to design the completion, fracking and production testing of this well.

    With regards to secondary conventional targets, core samples totalling 60 feet (18 metres) were taken from the Agrio formation. The top of the Agrio formation was encountered at a depth of 6,355 feet (1,937 metres) with a gross pay of 859 feet (262 metres). Hydrocarbons were encountered in both the Agrio formation and in the Neuquen Group (the same formation target of the Mirador del Valle x-1 discovery well in El Manzano West block, announced on 13 November 2013), and further analysis of this discovery will be done in the months ahead.

    The Las Varillas x-1 well was drilled by YPF with the assistance of the service company Schlumberger. Andes was fully carried during the drilling of this well, as part of the farm-in agreement with YPF under which Andes has a 100% working interest in all production from the Agrio formation and a 40% carried interest in the Vaca Muerta and other formations.

    Alejandro Jotayan, CEO of the Company, commented: "The Las Varillas x-1 is the third successful unconventional well targeting the Vaca Muerta formation drilled by the JV between Andes and YPF. This well, which proved the existence of the Vaca Muerta formation in the El Manzano West block with excellent petrophysical conditions is located in an area where Andes has 170,000 net acres nearby, out of an overall total of 213,000 net acres covering the Vaca Muerta formation. This, together with the conventional discovery of the Mirador del Valle x-1 in the same area and the current productive Chachahuen concession, places Andes in an exciting posi By dickie3times
  • Couple more articles by 20percent
    Fri, 07 Feb 2014 09:54:00 GMT

    Great news today.

    proactive investors also have an article about Argentine discussions re the repayment of debt incurred in 2002 highlighting AEN.

    With 30 wells to drill over the next year (all funded), recovering confidence in Argentina and the expecting increase in production AEN look like a great short, mid and long term investment.

    link

    By 20percent
  • Nice write up by 20percent
    Sat, 01 Feb 2014 20:22:00 GMT

    Hi Dickie & Norfolk

    Doesn't seem like too many PIs interested here. Thanks for the tip Dickie can't remember where I saw it now OT somewhere.

    I have been looking into these over the last couple of weeks seem too good to be true.

    There are a lot of shares held by institutions 70%. I can see why after looking into them.

    Found this good read.

    link

    Onwards and upwards excellent long term with the possibility of a good rise short term when we get some news on well any day now.

    20percent By 20percent
  • Westhouse 'reiterates' BUY - 89p by dickie3times
    Fri, 24 Jan 2014 22:26:00 GMT

    Shares in Andes Energia, the AIM listed junior focusing on Latin America, have quietly motored away for the past year. The 52 week low was 17.7 p. When we last wrote about them at the beginning of September the shares were 20p. Since then they have moved up to a current 49p and recently touched 60p, with brokers in London licking their lips about the potential upside.

    Why is this? Well for one thing the fresh management team including new CEO Alejandro Joytayan, formerly head of upstream at Repsol YPF, have been out and about spreading the word about the company. It never hurts to stop hiding your light under a bushel when you have a good story to tell; and Andes does have a very good story to relate.

    Like other businessmen and investors the Andes team were pretty traumatised when the government in Argentina grabbed Spain’s Repsol’s 51 per cent of local company YPF, in April 2012. But they dusted themselves down and became very active working to diversify their asset base and become a pure E & P group.

    Having split from its electricity business it embarked on a largely paper backed buying spree which extended its geographical reach from Argentina and up into Colombia, Brazil and Paraguay. On the way to becoming a pure E & P company, the group moved swiftly to buy Kilwer, Ketsal and MGM and entered into a JV agreement with a Brazilian company.

    The company now has 7 million net acres across 11 basins in four countries. Andes has 2P reserves of almost 20 million barrels and risked prospective reserves of almost 600 million boe. Production, all from Argentina is, 1,700 barrels a day (bopd) six times 2012 levels. There are 20 blocks in Argentina some of them in partnership with YPF. Two new wells are planned immediately with others to follow, and output could reach 4,000 barrel a day within two years. Even so, investors are relieved to see the portfolio has been diversified to reduce exposure to Argentina.

    In Colombia, the company signed eight exploration contracts in December 2012, five of which have already been successfully farmed out with the final three being reviewed by large operators in a region, where adjacent acreage is yielding discoveries.

    In Brazil, Andes has signed a JV with Brazilian E&P Imetame Energia,which was awarded seven exploration blocks in the 2013 Brazil bidding round. The assets are all onshore, mainly oil prone and close to export infrastructure. There is potential here to deliver relatively quick move into production. Paraguay is an early stage exploration play with seismic surveys being conducted.

    On all these assets 60 to 100 wells will be drilled within the next two years as the company heads towards 10,000 bopd from conventional drilling. The company is self-funding achieving cash flow of US$10 million a year. In initiating coverage broker Westhouse has set a target price of 60p from the conventional assets.

    But there is great excitement about Andes Energia’s non-conventional assets which could be a game changing, company-maker for the company. Located in the Neuquen basin, Vaca Muerta is recognised as a world class shale play. The world’s second largest shale oil & gas deposit, it has a source rock of similar quality to the US Eagle Ford, yet thicker ( 900ft vs 200ft) – higher quantity of resources per acre - and cheaper well development costs.The Neuquen Basin was assigned technically recoverable reserves of 19.9 billion barrels of oil and 583 tcf of gas by the US EIA.
    Andes Energia has net 556mmboe of prospective resources assigned by independent reservoir engineers to its net acreage in the Vaca Muerta shale play, which Westhouse values at circa US$ 0.9 bn (89p/share risked and c US$2.5 bn (251p/per share unrisked.

    link
    By dickie3times
  • No reason for the fall...? by dickie3times
    Thu, 23 Jan 2014 22:54:00 GMT

    Can't find anything, no news from S.America, so it must be pi's are fairly in profit and want the money. Caution though, i was going to top up at 48.5p but i was quoted 51p to buy. Robin Bar/stewards....if pi's seeing the sp tonight may still panic out in the morning, so i'll be waiting to grab some more....if we open significantly lower, we could go back to 39p,(stop losses triggered) but i'm in with a big chunk at below this price, so fingers crossed that the drop is done with, imo

    Looking for another oil potential? Tethys-TPL is looking good, yet to get on pi's radars, with a big resource estimate, newly discovered, 34.75p

    link By dickie3times
  • Re: Falling by dickie3times
    Thu, 23 Jan 2014 11:05:00 GMT

    Check news, see if Argies are up to their tricks? Can't see reason for drop, unless just profit taking before news ? By dickie3times
  • Colombia RNS by jimzim
    Tue, 02 Sep 2014 09:17:52 GMT

    Good to see that Andes are moving ahead with their assets in Colombia. In my mind a good deal as we are gaining a strong local partner (Trayectoria), and possibility of further deals with them down the line, for shares at the current SP. There is no point in sitting on licences - they are there to be developed and as we don't have the cash to go it alone, getting in good partners at a good price is ideal. Trayectoria are one of the top 5 Colombia E&P companies with further operations in Brasil - their licences are in Sergipe which is where we have also have a stake (possible further tie up with them in Brasil down the line?) - and Guatemala - a serious company indeed.
  • RE: BigC by Gwenllian
    Fri, 29 Aug 2014 13:50:49 GMT

    Oh dear. Not at all. It's not a very active board. It's great to have some feedback. I've been invested for a while now and have taken the view that these are a long term hold - bottom drawer share. Great prospects though. Thank you for the feedback. All the best and GL. --Gwen.
  • BigC by BigCOJONES
    Fri, 29 Aug 2014 11:55:53 GMT

    Sorry - i appear to have killed off this board !
  • AEN by BigCOJONES
    Mon, 25 Aug 2014 16:49:57 GMT

    I was at the presentation last week, though i am not invested here i do have the shares on my watch list. Seemed to be a generally positive show - but aren't they all ! Became more interested at the end when presenter said that he expected the number of producing wells next year would increase from 2000 to between 3500 and 4000 ! This one for me is investable for me - IMHO but don't really have any spare funds available. BigC
  • Steady rise by shareaction
    Thu, 21 Aug 2014 07:39:08 GMT

    AEN +2.31% so far this morning. Early birds finding wurms?
  • Worth $2bn with its 213000 acres? by shareaction
    Wed, 20 Aug 2014 08:46:13 GMT

    link

    I just had to buy some.
  • Soros buying more YPF by WLondonHunter
    Fri, 15 Aug 2014 13:15:28 GMT

    link

  • aen by yan1965
    Wed, 13 Aug 2014 14:17:47 GMT

    cracking rns wow
  • politics by taudelta
    Tue, 12 Aug 2014 08:13:21 GMT

    The federal government and the provinces are still at loggerheads over proposed federal legislation to remove licensing powers from the provinces. There don't seem to be discussions under way between the two parties (Kirchner and the YPF CEO Galuccio on the one hand, and the governors of the oil provinces on the other). I can't find anything more recent than the following on the La Nacion newspaper website (what I've just said is a fair summary of it without going into detail)

    link

    ....
  • RE: Hydrocarbon Forum 21st August by WLondonHunter
    Sat, 09 Aug 2014 21:29:36 GMT

    looks interesing-I will try to go
  • Hydrocarbon Forum 21st August by sophiegbarowman
    Fri, 08 Aug 2014 08:51:14 GMT

    Hydrocarbons event with Andes Energia San Leon Falcon Oil & Gas & Azonto on August 21st in Mayfair. REGISTER HERE:

    link

  • not yet... by WLondonHunter
    Thu, 07 Aug 2014 19:47:15 GMT

    made good money on this one in the past, and I may get back in, but not yet...
  • from Malcy's Blog today by cubasteve
    Tue, 08 Jul 2014 14:32:00 GMT

    Exxon has reportedly farmed into an oil and gas block in the Neuguen block in Argentina, this is where the famous Vaca Muerta is and this can only be good news for Andes Energia. Whilst the political storms continue over the country’s debt I can understand why investors are standing back but mark my words some people are going to make a lot of money out of Andes at some stage . Cuba
  • RE: Gwenllian by Gwenllian
    Wed, 02 Jul 2014 13:22:00 GMT

    Thanks for this taudelta. Given the complexity of this I've now adopted the 'wait and see' approach. The sp is slowly creeping up, so fingers crossed. GL.
  • Gwenllian by taudelta
    Sat, 28 Jun 2014 11:46:47 GMT

    I've looked at YPF's and AEN's SP charts over the past month... they are nearly exact opposites, at least 80% of the time the SPs are moving in opposite directions, and the key turning points coincide (and are opposites). I think that this might suggest that as the "provinces versus feds-plus-YPF battle" swings from one side gaining to the other side gaining, this is the driving factor for the AEN SP (and YPF's). That's the easy bit.. figuring out the main political factors let alone the outcome not so easy!