21 Aug 2013 07:00
21 August 2013
Andes Energia plc
("Andes" or "the Company")
Board Changes
The Board of Andes (AIM: AEN; BCBA: AEN) is pleased to announce the following board changes.
BOARD CHANGES
The Company is pleased to announce the appointment to the Board of Matthieu Milandri as a non-executive director with effect from 21 August 2013.
Mr Matthieu Milandri, Non-executive Director, aged 38. Matthieu has been Investment Director at Mercuria Energy Trading SA since December 2011, with a particular focus on upstream oil and gas assets. Prior to joining Mercuria, Matthieu was CFO of Candax Energy Inc, a TSX-listed upstream company and Business Development and Financing Manager at Geopetrol, a private upstream group. Matthieu spent nine years with BNP Paribas in Frankfurt, Paris, New York, Houston and Geneva working in the oil and gas and commodities groups, providing him with a detailed understanding of junior oil and gas companies across the world. He graduated from ESSEC Business School in 1998 with a degree equivalent to an MBA with a specialization in finance.
Rudolph Berends, presently Vice Chairman, has stepped down from the Board.
Nicolas Mallo Huergo, Chairman of Andes, commented: "We are very happy with the appointment of Matthieu. We look forward to being able to benefit from his significant experience and expertise. I would like to welcome Matthieu to the board and also take this opportunity to thank Rudolph for his valuable contribution during his tenure".
For further information please contact:
Andes Energia plc | Nicolas Mallo Huergo, Chairman Alejandro Jotayan, CEO
| T: +54 11 4110 5150
|
Westhouse Securities | Antonio Bossi
| T: +44 20 7601 6100 |
Buchanan
| Tim Thompson Ben Romney | T: +44 20 7466 5000 |
As announced on 4 June 2013, companies within the Mercuria Energy Trading SA group hold approximately 5.8 per cent. of Andes issued share capital and have provided a $10 million convertible loan to the Company.
Additional information to be disclosed pursuant to Schedule 2(g) and Rule 17 of the AIM Rules:
Mr Matthieu Etienne Milandri
Matthieu is currently a director of the following companies:
Delcuadra KfT
Delta Hydrocarbons BV
Delta Hydrocarbons SA
Lake Oil and Gas SA
Starc Limited
Trefoil E&P SL
Trefoil GmbH
Trefoil Limited
In the past five years Matthieu has also been a director of the following company:
Candax Energy Services Limited
Other than the information contained within this announcement, there is no further information required to be disclosed under Rule 17 and Schedule Two paragraph (g) of the AIM Rules.
Note to Editors:
Andes is a Latin American oil and gas group, with interests in Argentina, Colombia, Brazil and Paraguay. The Company's focus is on the oil and gas sector in South America, which it believes offers premium assets at undervalued prices.