PGR.L Regulatory News (PGR)

8 Oct 2007 07:00

Andes Energia PLC08 October 2007 Andes Energia plc ("Andes" or "the Company") Option Exercise Further to the announcement on 7 September 2007, Andes, formerly Ragusa Capitalplc, announces that, pursuant to the terms of the option held through AndesEnergia Argentina S.A. (the "HASA option"), it has given notice of itsintention, subject to contract, to acquire an indirect controlling interest inHidroelectrica Ameghino S.A., which has the concession to operate the 60MWAmeghino hydro power plant located in the Province of Chubut, Argentina. Further details about Hidroelectrica Ameghino S.A. and the HASA option areincluded in the re-admission document posted to shareholders on 7 September2007. Enquiries: Andes Energia plc Michael Stevens, Chairman T: 020 7495 5326 Nigel Duxbury, Finance Director Arbuthnot Securities James Steel T: 020 7012 2000 Antonio Bossi Bishopsgate Maxine Barnes T: 020 7562 3350Communications Nick Rome This information is provided by RNS The company news service from the London Stock Exchange