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 above the moving 200 day average on below-average volume.
Visit the Andes Energia website.
Trade Andes Energia long or short on margin at ETX Capital.
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  • A host of London-listed companies by Harkins1950
    Tue, 18 Feb 2014 01:46:00 GMT

    February 17, 2014
    A host of London-listed companies are positioning themselves to benefit from improved business relations between Argentina and the world’s developed economies.
    link By Harkins1950
  • Re: This morning's RNS - by Spadeychops
    Fri, 14 Feb 2014 14:43:00 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 22:59:00 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 22:59:00 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 21:22:00 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 10:54:00 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 21:22:00 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 23:26:00 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 23:54:00 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 12:05:00 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
  • Falling by norfolk in idea
    Thu, 23 Jan 2014 10:56:00 GMT

    Looks like the bubble burst By norfolk in idea
  • Re: Hovering around 57p - 59p by norfolk in idea
    Tue, 21 Jan 2014 09:42:00 GMT

    Not anymore seems to be droping in price! Dont know why I think this has a good future. By norfolk in idea
  • Re: Hovering around 57p - 59p by dickie3times
    Sun, 19 Jan 2014 23:34:00 GMT

    Some profit taking on Friday and is to be expected. I believe Monday AEN will assert itself as pi's take advantage at 58p. Expect a progress report later in the week, imo....The objective of the Las Varillas x-1 well is to evaluate the unconventional potential of the Vaca Muerta formation, which lies approximately 1,000 metres below the Neuquén Group formation, as well as the conventional potential of the Chachao and Agrio formations. The drilling plan includes taking an 18 metre core from the Agrio and Chachao formations and two additional cores from the Vaca Muerta formation. Geochemical data will be sampled at 2 metre intervals from the start of the Agrio formation to the total target well depth of 2,250 metres. The well is being drilled by YPF as part of the farm-in agreement with Andes, under which Andes has a 100% working interest in all production from the Agrio formation and a 40% carried interest in the other formations including Vaca Muerta and Chachao. Andes is fully carried through drilling and testing of the well, which is expected to be completed by the end of January. Alejandro Jotayan, CEO of the Company, commented: "The Manzano West block has already demonstrated significant conventional oil production potential following the drilling of the Mirador del Valle x-1 well in November 2013, which was sourced from the Vaca Muerta formation and has significantly de-risked this well. The Las Varillas x-1 well will investigate the complete stratigraphic column including the world class source rock Vaca Muerta as the main target, in an area located in the Northwest of the Neuquén basin where Andes has 170,000 net acres nearby. A successful program will provide Andes and YPF with the opportunity to develop a large and promising area with unconventional and conventional resources potential."

    By dickie3times
  • A LITTLE GEM.... by dickie3times
    Wed, 15 Jan 2014 22:21:00 GMT

    ...that could outperform in the near term...CRX-Cyprotex Plc...keep it on your radar. Moving fast, Have a look. Expected to double in the next few weeks?
    link

    link By dickie3times
  • Hovering around 57p - 59p by dickie3times
    Mon, 13 Jan 2014 23:05:00 GMT

    May hold at this level for a day or two, then a leg up over 62p as we anticipate drill results, imo?

    Usually a sign that pi's 'waiting and watching' may dip their toes in....?


    Any one into mining stocks ? KDR flew to 4.89 last week (from 2.75p) on hope of RNS, it didn't come, so a steady drop to 2.5p is now a good entry point point, on hopes of a massive diamond resource?
    PI's are 'buzzing' on big RNS soon? By dickie3times
  • Malcy by taudelta
    Fri, 11 Apr 2014 10:04:37 GMT

    See enthusiastic comment today from Malcy's blog on Proactive Investors site (following Chevron/YPF move to step up investment in Vaca Muerta)
  • andina by silentmover
    Wed, 09 Apr 2014 08:20:56 GMT

    so I`ve been informed this share can only be sold private or in house ---ref clarkyd far as I understand its not on the market --yet
  • I sold last week by applegarth
    Mon, 24 Mar 2014 20:29:52 GMT

    Nice 120%.profit? Hoping to time a buy back. The politics of the Argies is my only concern. However, i do not believe AEN need to worry in this respect, the Argentine welcomes industrious energy exploration, they need this to boost their failing economy. Providing these companies are making good progress? Failure is not an option, with good deals offered as an incentive. Other than a good risk investment.gla
  • Andina Shares by clarkyd
    Wed, 19 Mar 2014 23:48:55 GMT

    Any news on these anyone?
  • sold my last ones today by WLondonHunter
    Tue, 18 Mar 2014 16:51:59 GMT

    I was going to hold till it reached £1 a share, but 170% profit it's a good exit point too. Good luck to holders are still here-i really hope it reaches that £1 v soon
  • video by taudelta
    Thu, 13 Mar 2014 08:46:52 GMT

    New presentation video by CEO is on Proactive Investors website ... nothing new spoken, but useful overview.
  • Bberg by taudelta
    Fri, 07 Mar 2014 08:57:36 GMT

    Hi Kid... have now caught up with Bberg ... not sure there's anything new in their story... I read the comments by provincial politicos in a context of disenchantment with current Peronist regime, and elections on the way, which many incidentally think will improve the business environment. Maybe we have to accept that bargy is inextricably linked with Argy?!
  • Bloomberg story by kld1
    Thu, 06 Mar 2014 21:04:53 GMT

    Get out of this stock tomorrow
  • uptick by taudelta
    Thu, 06 Mar 2014 12:12:08 GMT

    Seems to be two reasons for uptick... Westhouse Secs positive reaffirmation ... and also, an interview given by CFO Rantfl to Bloomberg.. haven't tracked it down, but seen a report of it on the Argy newspaper website lavoz.com.ar .... no news but trumpets AEN's extensive ties with YPF.
  • Repsol YPF by taudelta
    Thu, 27 Feb 2014 09:28:06 GMT

    Repsol have agreed compensation for the confiscation into YPF. Should help attract more interest into area, increase farm out prices.
  • mention in shares magazine today by 20percent
    Thu, 13 Feb 2014 21:09:18 GMT

    as the tip for Argentinian shale play, although price has risen 177% since they mentioned AEN they think there is further to go. Some thing like that. Might give a bit of support for tomorrow.
  • Andina by clarkyd
    Wed, 12 Feb 2014 12:22:14 GMT

    Can anybody throw light upon the Andina set-up? The demerger has bequeathed me a couple of 100 Andina shares currently carrying 0 value?
  • 100 by silentmover
    Wed, 12 Feb 2014 09:50:37 GMT

    please god
  • Probably the most strongly held.... by applegarth
    Mon, 10 Feb 2014 23:02:54 GMT

    ....stock on AIM...? Most other stocks are heavily traded on the smallest of spikes. In just UNDER a week we have gone from 55p to 70p. Well, done all you invisible investors that are 'believers'....no predictions today, unfortunately, you all know that i think AEN has the potential to break out above 100p..
  • RE: set sell limits.... by applegarth
    Sun, 09 Feb 2014 23:26:04 GMT

    my last post was meant for the ALO bb....sorry