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...and i really must start deleting some but i collect articles like people collect stamps. This is not meant to be a post, just somewhere to 'park' some recent articles for quickness.......... INVESTORS IN ANDES ENERGIA may enjoy some of these recent articles.... http://goo.gl/BwClyg http://goo.gl/gfiFNp http://andesenergiaplc.com.ar/wp-content/uploads/2013/12/Andes-Presentation-December-20132.pdf http://www.oilvoice.com/n/Andes_Energia_note_the_announcements_by_the_Argentine_Government_and_Repsol/319c1d47f59a.aspx http://www.barchart.com/opinions/stocks/AEN.LS http://gbroundup.com/2013/10/23/alejandro-jotayan-ceo-andes-energia-plc/
Thanks for your reply. I've d one something that I really shouldn't , AIM - oil &Gas- spike ... Lol I can look at this one as a bit of fun as it's less than 1% of my exposure, however I believe that fraking has a future and from the information contained in your links it looks very good. Please keep your information coming. At the moment this ones a bit of fun but as things progress I don't rule out coming topping up with a lot more . I'd like to see if the BOD can cone through with the progression before I expose myself further. Again thanks for your links.
Doesn't this want to make you lick your chops.....? 30 WELLS FULLY FUNDED ! Investment Opportunity Andes is an oil & gas company focused on South America onshore, with a market cap of £156m* (US$254m). *** Operations in Argentina, Colombia, Brazil and Paraguay the three biggest economies and three of the four largest oil producers in South America ! *** Argentina is the only unconventional producing country outside US, mainly from Vaca Muerta. *** 200 wells drilled and fracked in the basin, +100 new wells to be drilled during 2014. *** 2P reserves: 20 MMbbls; Certified resources: 600MMboe** most unconventional in Vaca Muerta ( 7.5 million net acres) *** 213,000 net acres to Andes in the oil window of Vaca Muerta, 150 to 300m thick, other characteristics similar to Eagle Ford (TOC, maturity, over pressure). *** Chevron-YPF deal values at 12,000 us$/acre in Vaca Muerta. ***Andes is the only share on the London Stock Exchange with exposure to VACA MUERTA (second largest unconventional play in the World). ***Production of +1400 bbl/d, with positive free cash flow after current investments. ***Improving political outlook in Argentina for business.*** ***Strong, experienced Management Team with proven capacity to manage local political risks. ***30 wells to be drilled in next 12 months, FULLY FUNDED ! (As of December 3rd)
Hi, I really do not know if this will retrace from here. If it does good luck with your investment. I can tell from some posters on other stocks that are talking about AEN that there is currently a lot of interest, why they don't post on here i'll never know? Maybe this time of year posters are a bit scarce but just look at the way we shot up in the last three weeks alone. Take a good look at this, certainly not ramping but rarely do you see 100% buy indicators across the board, near to mid term and for the long term ? http://www.barchart.com/opinions/stocks/AEN.LS IMO...the share price moves on low volume and this does not seem to be a 'one off ' spike. Last week there was a quick retrace from 49p down to 41p, which i suspect was Xmas pickings. This happened on lots of AIM stocks. The sp soon recovered to a high of 55.65p on Friday, which indicates a lot of interest. The retrace yesterday, is to be expected, there will be investors taking profits at all stages and coming up to the New Year is just one of those times when pi's cash in. IMO, many investors will watch this stock keenly for any inviting retrace but if we begin another leg up, then i suspect another 'panic' buying trend could be put into motion....this is that kind of stock which has got investors feeling they don't want to miss the boat. The 3rd Dec Presentation is a definite MUST READ and should anyone suggest that i am ramping AEN, well, i can only post the articles as I SEE THEM.....and every one of them is a scintillating read. http://andesenergiaplc.com.ar/wp-content/uploads/2013/12/Andes-Presentation-December-20132.pdf What i will say is, i'm holding a lot of shares and do not intend to top-slice at all until we are around 90p...even then, if we are in receipt of great RNS', i may change my mind...this stock could be a life changer, even at these levels? Potentially,the sky's the limit ( if you read all the articles and news releases, to make some kind of comparison). AEN is one of AIM's forgotten stocks, yet has generated enough interest that has kept driving the sp higher. Think about this for one minute. During the time AEN had risen from 24p to current 52.5p only half a dozen posters were active on this bb...i ask why? I think the answer is, that investors from across the World are driving up the sp and they are being recommended to invest by tip-sheet magazines and various Brokers as clients. The Argentine Govt is actively ENCOURAGING energy companies that will deliver the goods and in particular Andes, which also has interests in Brazil, Columbia and Paraguay. Definitely NOT 'a one trick pony'
Great research articles, thanks for your efforts, do you think this will now retrace from here and the high is temporary spike, I'm in but not with a large amount, however would be tempting to get a few more if it retraces.
http://www.oilvoice.com/n/Andes_Energia_note_the_announcements_by_the_Argentine_Government_and_Repsol/319c1d47f59a.aspx The Board of Andes (AIM: AEN; BCBA: AEN) note the announcements by the Argentine Government and Repsol regarding the proposed agreement reached with Repsol for compensation following the expropriation of YPF last year. Settlement The Argentine Government and Repsol have announced that they have reached an agreement in principle for compensation for the expropriation of YPF last year. The proposed settlement will consist of a payment to be satisfied by the issue of Argentine bonds with both parties agreeing to drop all legal claims. Press reports have indicated that Repsol has been offered a US$5 billion 10 year bond. Nicolas Mallo Huergo, Chairman of the Company, commented: 'This news represents a dramatic positive change for the Argentine oil and gas business environment. Together with the recent settlement of the CIADI claims of Vivendi Universal S.A., National Grid PLC, Continental Casualty Company, Bank of America Corp. and Azurix, this represents a considerable commitment to establish Argentina's presence in the international financial markets. We believe these steps will stimulate substantial foreign investment in the country, particularly in the oil and gas sector. Andes has an extensive and high quality land position for conventional and unconventional resources and a recognized management team with the proven ability to develop projects with success.'
PART 2 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 more of an early exploration play. Andes has conducted a geochemical survey in the Repatriacion block, which lies in the Chaco-Parana basin, finding positive indications of both oil and gas. These results will be integrated with the geological framework and 2D seismic, which is currently being reprocessed. The company has applied for two more blocks in the country. The £115 million market cap company is in a fairly strong position to start putting its newly expanded portfolio to work. As analyst Barney Gray at Old Park Lane Capital points out, “with over US$10 million of cash on the balance sheet and carried interests across much of its exploration and appraisal portfolio” the company is well placed to continue the expansion of its exploration, development and production base. http://oilbarrel.com/news/andes-energia-prepares-to-put-its-expanded-portfolio-to-work-1
http://oilbarrel.com/news/andes-energia-prepares-to-put-its-expanded-portfolio-to-work-1 October 02, 2013 Andes Energia Prepares To Put Its Expanded Portfolio To Work South America may not be the easiest place to do business – just ask Spain's Repsol, which was booted out of Argentina last year in a move that shocked the international business community – but it continues to win investment from oil juniors. Indeed, it is the very challenges of working here, be it in Argentina, where President Kirchner's policies are a red flag for many investors, or the high costs of doing business in Brazil, that creates opportunities for smaller companies to scoop unwanted acreage and swoop on distressed incumbents. This is certainly the strategy at Andes Energia, which last year split from its electricity business to become a pure E&P. The AIM-quoted company then quickly worked to diversify its asset base, embarking on a paper-backed buying spree that has extended its geographic reach from Argentina and up into Colombia, Brazil and Paraguay. Indeed, under new management, including new CEO Alejandro Jotayan, formerly head of upstream at Repsol-YPF, the company moved swiftly to buy Kilwer, Ketsal and MGM and entered a JV agreement with a Brazilian company. The enlarged company has 2P reserves of almost 20 million barrels and a risked prospective resource of 600 million boe. The current assets are pumping 1,400 barrels per day, six times 2012 levels. The company is now self-financing with positive cash flow. This all comes from its oilfields in Argentina, where it is the third largest acreage holder. It isn't hard to build acreage, however, in a country where operators are more routinely seeking an exit than an entrance. It wasn't just the wrenching of Repsol's 51 per cent stake in YPF that deterred investors; for many years before, the country's price caps and export rules had effectively made it nigh on impossible for operators to make money in Argentina. There are signs that policy restrictions are being eased: as import energy bills hit economic growth the country has raised price caps, with oil at up to US$75 per barrel and new gas at US$7 per Mmbtu. And the company's unconventional resource potential, reckoned to be amongst the best in the world, is keeping some big investors on the hook, among them Shell, Petrobras and Exxon. Andes has its own little slice of the unconventional potential and alongside state oil company YPF drilled the Mirador del Valle x-1 in the El Manzano West block in May 2013. Several oil shows were detected in the lower Neuquén formation and the company is now awaiting a rig to complete and frack the well. This could be promising in the longer term. 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 fin
New CEO, Alejandro Jotayan, Q and A http://gbroundup.com/2013/10/23/alejandro-jotayan-ceo-andes-energia-plc/ 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. Wells have already been drilled on Vaca Muerta with Andes having exposure to some of them. Any valuation suggests that the significant upside is not without hurdles to overcome. Given the significant results from the Vaca Muerta shale play so far, its development may be a matter of time. For Andes and its partner YPF, addressing funding issues needs is a basic essential to expedite the development of Vaca Muerta... ....read full article:> http://goo.gl/BwClyg
...i have deliberately held back on predicting where this could go. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Although i said earlier in Nov -Dec that we should easily reach 32p and then 38p it took only another week to get to 40p. Then, i claimed 60p within a week, not quite there yet? Also i made a personal price target of 80p above Westhouse's target of 60p. But where this could go in the long term is anyone's guess. IF any one thought that 200p during 2014 is crazy, then just hang on to your wigs...you'll soon find out how crazy investors will take this stock by the horns? Just hang on for the news flow ! Andes Energia...crazy?
...i have deliberately held back on predicting where this could go. Predictions on sp often are wrong, sometimes because of profit taking particularly on unexpected sharp rises and of course the antics of traders. However, this company has such a diverse portfolio of operations and assets in mineral/oil rich S.America and to a very large degree can alleviate investors to a great degree by sparing us the curse of FUND RAISINGS. Being self funding AEN can at least get on with their expansive projects as they seem fit. This, investors like ! So...no more predictions on sp from me...until we have reached 200p, lol
I also think this share has much room to go, so we are bound to have days with +10% increases in the sp, simply becasuse new investors will be coming in, and obviously most holders still reluctant to sell as they know of the potential here.. Some buys are of decent size too. It has been a great q4 of 2013; I cannot wait to see how high this gets in Q1 2014. Over one pound a share? why not, we've done it before....
Reason for the rise? imo....apart from their fantastic portfolio of assets, new investors are realising that their greatest asset is that they are SELF FUNDING. One thing that pi/ss/es off investors is staying with a stock for months or years only to see round after round of fundings, placings, share dilutions? After a while pi's begin to 'smell a rat' when great RNS' appear to be dressed up just to keep the BoD in clover. I have no proof that this is going on, but when you have companies issuing 'promises' for 5yrs or more and the sp has hardly moved in all that time then one needs to reconsider whether it is wise to stick with it any longer. These are examples of some of my past investments that are undergoing trials and in the case of mining companies are taking forever to get genuine results! And they issue regular updates followed by another round of funding of some discription... OXB...after 15yrs of promises the sp has dropped considerably. 2p, yet still very popular among die-hards ! VAL... looks great on trials prospects, but after 5yrs of dilution and fund raising, still can't get over 1p ! VIY...12yrs of testing QuantumRD, yet the big oilies are still skeptical of its technology BPC...Will they ever get to drill oil in the Bahamas..4yrs waiting for the original sp rise to 21p, to return? RRL...Great start but 5years on the constant rounds of funding and spending RRL STILL running out of cash? SOU...Could be a long long wait, every spike is always followed by a massive drop off in sp. NMG..Pulled a fast one pi's by claiming great gold grades,then dropping a £2m funding, the sp has dropped 60% The list goes on and on, Solg....Marl....GKP....PRG....CNEL....AFPO....GGP.....all great stocks for the long haul, IF you got in at the bottom and every one of them will catch you out by retracing if you buy on any spike ! They are non productive stocks that rely on FUNDING at regular intervals...followed by promises of great things ! The only one's to benefit by the incessant rounds of funding are the Directors and their lucrative life styles? AEN is different........it says so on the tin !
Any reason for todays rise?
Good post applegarth.
Westhouse yet to upgrade in December ! applegarth- 80p (that's me) Arbuthnot - 59p http://www.moneyam.com/shareprice/AEN LATEST BROKER VIEWS Date Broker New target Recomm. 29 Nov Westhouse... 60.00 Buy 25 Nov Westhouse... 60.00 Buy 14 Nov Westhouse... 60.00 Buy 30 Sep Westhouse... 60.00 Buy 21 Aug Westhouse... 60.00 Buy 12 Aug Westhouse... 60.00 Buy 9 Jul Westhouse... 60.00 Buy 18 Jun Westhouse... 60.00 Buy 22 Sep Arbuthnot 59.00 Strong Buy 13 Sep Arbuthnot 59.00 Strong Buy Broker Recommendations for Andes Energia
applegarth- 80p (that's me) Arbuthnot - 59p http://www.moneyam.com/shareprice/AEN LATEST BROKER VIEWS Date Broker New target Recomm. 29 Nov Westhouse... 60.00 Buy 25 Nov Westhouse... 60.00 Buy 14 Nov Westhouse... 60.00 Buy 30 Sep Westhouse... 60.00 Buy 21 Aug Westhouse... 60.00 Buy 12 Aug Westhouse... 60.00 Buy 9 Jul Westhouse... 60.00 Buy 18 Jun Westhouse... 60.00 Buy 22 Sep Arbuthnot 59.00 Strong Buy 13 Sep Arbuthnot 59.00 Strong Buy Broker Recommendations for Andes Energia
PART 2 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. Wells have already been drilled on Vaca Muerta with Andes having exposure to some of them. Any valuation suggests that the significant upside is not without hurdles to overcome. Given the significant results from the Vaca Muerta shale play so far, its development may be a matter of time. For Andes and its partner YPF, addressing funding issues needs is a basic essential to expedite the development of Vaca Muerta . The investment risk in Argentina is still considered relatively high. Indeed, there are challenges in working in Argentina where President Kirchner's policies are a red flag for many investors. Westhouse says: “We note that anticipated government changes in 2015 may bring positive developments. Should the investment climate experience positive changes, Argentina could start to benefit from its large resource potential and existing infrastructure. Despite the ‘overground’ difficulties, the likes of Chevron, ExxonMobil and Shell are targeting the Vaca Muerta shale play which may suggest that the size of the prize makes it all worthwhile.” http://oilbarrel.com/news/andes-energia-share-price-soars-as-it-stresses-the-potential-upside-in-its-non-conventional-assets-in-argentina
STOP PRESS: http://oilbarrel.com/news/andes-energia-share-price-soars-as-it-stresses-the-potential-upside-in-its-non-conventional-assets-in-argentina December 18, 2013 Andes Energia Share Price Soars As It Stresses The Potential Upside In Its Non-Conventional Assets In Argentina By Stewart Dalby 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 46.88p with brokers in London licking their lips about the potential upside. Stewart Dalby Stewart Dalby 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 y
...Xmas trade-off didn't really affect AEN today. Next week and into New Year, plus some upbeat news should see us legging it up.....so much interest in here. Would have liked a finish above 51p....but the way we performed this week, i'm sure it is top be soon. Have a good Xmas to all.
So we are UP 1p + 2% !
...are wrong.
O/T If you get the chance, have a look at DOR which could be very interesting over the next 4-8 weeks. Just started to build a holding there ready for the new year.
Unfortunately, one needs to be a subscriber to access the full article ! However, along with the Midas brief summary, i think we can get the gist of the overall excitement that Andes Energia is generating among investors? Joe Lois Manzano-Peronist buils a fracking Empire http://www.thesundaytimes.co.uk/sto/business/Industry/article1352650.ece
Many thanks, Midas, a good short summary of what seems to be a great unfolding story. ( the Midas touch !) To all, hope you took advantage of the expected Xmas retrace and bought some more. It didn't last long as investors soon snapped them up, gla