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this is slowly ticking up. Oly if this had good PR or get into the hands on II's and PI's. would be an absolute blast here. Twitter has been active on Andes. Im excited.
http://shares.telegraph.co.uk/news/article.php?id=5346203&epic=AEN
Yup it is. We have had couple of £24k buys few weeks ago. Could this be the turn of the tide we needed?
12:25 200,000 @ 19.75 that's unusual in Andes.
Figures out today from AEN and as I have written plenty about them recently there isnt much to add this morning. The numbers confirm that the company had a good year in 2015 and despite having to wait for the change of Government got on with things pretty well. Production was up, the Interoil acquisition was a success and expanded the company’s portfolio into Colombia and both revenue and EBITDA rose. The Chachahuen provides solid growth whilst the Vaca Muerta gives the stock some spice, especially when you see just how many blue chip oil companies are in the post code. With the oil price set to be in the $60-67 range in Argentina for this year at least, the company should remain on the radar for investors. -
200k share buy!
Tips this as worth 5 x present price. High risk though. Thank God they have got rid of that Kristina woman. Present incumbent pro business
http://af.reuters.com/article/energyOilNews/idAFL2N18G0WB Argentina announced a new program on Thursday to boost natural gas production through a guaranteed price system, in a bid to cut liquefied natural gas imports and reduce the country's long running energy deficit. Under the program, which began on Thursday and will run through December 2018, the government will compensate producers launching new natural gas projects for the difference between what they receive in the market and $7.5 per million British thermal units. Energy Minister Juan Jose Aranguren said last week that he expects Argentina to stop importing liquefied natural gas in five or six years.
someone needed that 12quid urgently for packet of crisps and a beer.
Final results should be published next week. Expecting revenue to be significantly up and a good surprise on EBITDA. We could move in a new trading range as early as next week.
Come on
meant to be strong buy. lol
Andes holds a land position of +6 million net acres throughout Argentina, with 20 M boe of 2 P reserves, +600 Mboe of resources, production of ~1,850bbls/day and a privileged position in Vaca Muerta, Agrio and other unconventional plays in the country  Andes holds 6.2 m net acres, 24 licences, 13 of them in partnership with YPF  +100 wells producing ~1,850 bbls/d and 20 MM bbl of 2P reserves (net)  Participation in 80 additional wells in conventional development (funded from cashflow)  High net backs and strong cashflow given Argentinean domestic oil price of US$77/bbl  6 licences in Vaca Muerta shale, net acreage of 250,000 acres largely in the oil window  4 discoveries ready to be developed, 2 in production and 2 additional blocks to explore
Production rate is mind blowing. They are proving up their two massive assets to attract big players. Andes assets is surrounded by these guys with Shell leading, the most acreage next to Andes. The production numbers are going to be hge on the coming update. All looking good.
last time AEN raised cash for small amount at 47p with warrants and 60p for the Colombian progress. That is something. Also recently closed out their $10million debt by paying the lender in advance last quarter. AEN have made some impressive achievements and milestones last year.
Chart is primed for a breakout on volume, we need a return of the automatic trades though. Although most of our current production comes from Argentina where the price is $68, we also produce in Columbia where the price is linked to Brent oil. Brent has moved from low 30s at the start of the year to almost touching 50s now. This has yet to be reflected in the price and we are lagging other producers. Great economics in Columbia where OPEX is around $18.
The Vaca Muerta (literally, 'dead cow') is the only oil-producing shale outside the US, and - depending on who you ask - the second or third largest shale resource anywhere. The US Department of Energy estimates that the shale contains as much as 27bn barrels of oil and 800 trillion cubic feet of gas, and a recent Goldman Sachs report compared the resource potential with the Bakken formation either side of the US-Canada border. Past oil production has left a solid infrastructure legacy, and land currently fetches up to $10,000 an acre. As you might expect, this has led to a gold rush in the past two years, and explains the presence of Shell (RSDA), Total (Fr: FP), Petrobras (Bra: PETR4), ExxonMobil (US: XOM) and Chevron (US: CVX) in the region. Last month, Russian behemoth Gazprom (Ru: GAZP) signed a deal to develop shale and oil and gas assets in the region with state-owned YPF (US: YPF), which by default has the largest acreage of any major. One of the lesser-known names in Vaca Muerta is Andes Energia (AEN), a company jointly listed on Aim and the Buenos Aires stock exchange and headed by Repsol's former business development director, Alejandro Jotayan. It is touted as London's only 'pure-play' on the shale, and although it has a market capitalisation of £172m, it boasts more than 500m barrels of certified resources, and 6.2m net acres in Argentina - including 250,000 in the Vaca Muerta, over 90 per cent of which is in the proven oil window. This, management says, gives Andes the largest acreage position in the shale of any independent company, although four of its six licences are still shared with YPF. That sounds impressive.
when you look at the recent buyers of acreage here that would be good news. Petronas, ExxonMobil, Chevron, Shell and Wintershall are amongst buyers at high costs per acre. Shell has recently stated they are looking to buy developments in Argentina.
they are cash rich and when major buys. this is going out of the universe. probably in h the pounds.
AEN provided their Group production update for April this morning which showed 3,532 b/d in line with previous months. They also announced that with figures due shortly that gross profits and EBITDA where ‘in line with management expectations’. With CEO Alejandro Jotayan in town I took the opportunity to meet with him yesterday to see how things were, particularly as I have long been optimistic about Argentina. He was able to say that indeed, things were going very well in the country, and the new Government has already done everything promised such as currency restrictions and reducing energy subsidies. In country the oil price remains at $60-67 and is likely to stay that high to encourage production. The main production at present is the conventional Chachahuen operated by YPF where the bulk of the number reported above comes from and expansion here is under way. 90 wells are targeted this year and as many as 300 scheduled for the next three years after which the field is expected to reach its potential production rate of 25,000 b/d at very favourable economics. AEN has a strong position in the Vaca Muerta, the world’s third largest shale resource, indeed the only oil producing shale play outside the US. The only disappointment in this is that whilst YPF changes its management AEN has to wait for further progress as four out of its six licences are with them the other two are 100% AEN. It is possible that YPF will farm-out some of these positions as they have done recently but when you look at the recent buyers of acreage here that would be good news. Petronas, ExxonMobil, Chevron, Shell and Wintershall are amongst buyers at high costs per acre. In Colombia AEN has a presence in country following the Interoil acquisition and whilst the oil price is linked to Brent economics here are sound too. The exploration permits in the Colombian portfolio are generally shared with Ecopetrol, Canacol through the Interoil deal or Integra Oil & Gas and are generally well located near existing prolific fields. Overall with a strong position in the conventional and a developing, if slowly, world class one in the Vaca Muerta, Andes Energia is well placed in both Argentina and Colombia for the future. - See more at: http://www.malcysblog.com/2016/05/oil-price-hunting-petroceltic-circleandes-energia-finally/#sthash.NNlzm00l.dpuf
not the correct spread. after having looked at this for sometime i have decided to buy in. looks very strong from fundamental stand point. buy when nobody;s looking, although it doesnt how my buy on lse.
Apparently, Malcy is meeting Alejandro (CEO of Andes) this week: Alejandro Jotayan is a Industrial Engineer with a Masters Degree in Business administration. He has 20 years of experience in the oil and gas industry in the Americas and Europe. He was Head of Strategy and Business Development of YPF until leaving in 2012. Previously, Alejandro had held several managerial positions in the exploration and production departments of Repsol-YPF working on the commercial development of Vaca Muerta in the Neuquen basin. He had also held managerial positions in commercial analysis, strategic planning and control and shareholder reporting in the Techint Group of Companies (Tenaris, Ternium, Tecpetrol). Alejandro is well recognized in the industry as a professional leader in the conventional and unconventional hydrocarbons business, having comprehensive knowledge and experience in technical, commercial, economic and regulatory aspects.
Am for one excited for the results and update here. Argentina have recently been up'ing their reserves. POO has little if not no effect on oil sales. More drilling has been done since last year. All in all I'm expecting interest here soon. Am loading up before the herd arrives.