Andes Energia trading in line ahead of full-year results
13th May 2016 16:41
(ShareCast News) - Andes Energia produced 3,532 barrels of oil equivalent per day in April, it reported on Friday, broadly in line with March and February production at 3,567 and 3,538 barrels respectively. The AIM-traded company's production update said that at its Argentine licences in Chachahuen,
Read moreAndes Energia announces Vice-President for E&P to leave
18th Mar 2014 11:12
Electricity group Andes Energia announced its Director Alan Stark, who was also Vice-President for Exploration and Production, has resigned from his position at the company to focus on the development of his consultancy business. Nicholas Mallo Huergo, Chairman, said: "We express our gratitude to A
Read moreMeggitt CFO restores some faith after more than doubling stake
7th Nov 2013 16:01
Meggitt's Chief Financial Officer helped lift the share price higher on Thursday after growing his stake in the aerospace and defence manufacturer. The purchase of 15,000 shares at 505.38p each came one week after the group served up a double dose of bad news for investors, when it told them tradi
Read moreNearby oil discovery de-risks Andes Energia blocks in Colombia
12th Aug 2013 07:55
Latin America-focused oil and gas group Andes Energia is hoping that an oil discovery close to two of its blocks in Colombia could bode well for its own projects. Carso Group, a conglomerate controlled by billionaire Carlos Slim Domit (the son of Mexican tycoon Carlos Slim Helu), has found oil at i
Read moreTuesday broker round-up UPDATE
18th Jun 2013 08:19
Alternative Networks: Westhouse Securities upgrades from neutral to add with a target price of 350p. Andes Energia: Westhouse Securities initiates with a target price of 60p and a buy recommendation. Andor Technology: Investec reduces target price from 525p to 360p downgrading from buy to hold. A
Read moreAndes Energia acquires issued share capital of Kilwer S.A
11th Mar 2013 13:21
AIM-listed Andes Energia has completed the acquisition of the entire issued share capital of Kilwer S.A., a private oil and gas company with producing and exploration assets in Argentina, from local South American investors. The consideration for the acquisition has been satisfied in part by the is
Read moreSierra Rutile Chairman tops up stake
25th Jan 2013 16:31
Jan Castro, the non-Executive Chairman of Sierra Rutile, an AIM-listed producer of titanium feedstock industrial minerals, bought 113,750 ordinary shares just two weeks after the group posted a 39 per cent increase in total rutile production for the year. The shares, which were of no par value, we
Read moreAndes Energia awarded additional block in Colombia via subsidiary
20th Dec 2012 15:23
Latin American energy group Andes Energia has been awarded an additional block in the Colombia Round 2012 bidding process through its subsidiary Andes Energia Argentina S.A, in a consortium with Integra Oil & Gas (IOG). This brings the total number of blocks awarded to eight. Nicolas Mallo Huergo,
Read moreSector movers: SSE lights up electricity stocks after broker upgrade
29th Aug 2012 15:04
Gains for heavyweight utilities group SSE meant that the electricity sector was the best performing category on Wednesday afternoon. The company announced late on that power generation at its Glendoe hydro electric scheme, near Loch Ness, has re-started three years after a rock fall occurred in one
Read moreResources round-up: Berkeley Mining, Victoria Oil and Gas, EMED Mining
9th Jul 2012 09:15
Berkeley Mining Resources dropped 8% after it failed to complete due diligence on two copper tailing clusters at Chingola in Zambia. The company recently signed an agreement on one site in the area and investors had hoped a deal on the other two would be forthcoming. Berkeley said it continued to n
Read moreAndes Energia splashes out on Latin American assets
7th Jun 2012 12:49
The Argentina-focused energy company Andes Energia has bought its sector peer AHI through a share swap. The deal means Andes gets assets in Paraguay, as well as two further sites in Argentina. "These assets represent an enormous potential in conventional and unconventional resources," asserted Nic
Read moreSector movers: Henderson drags financials services sector lower
29th Feb 2012 15:54
The financial services sector was the worst performing category of the day, as a sharp fall for Henderson Group outweighed a strong showing from International Personal Finance. Henderson, the fund manager with listings in Australia and the UK, says its acquisition of Gartmore in 2011 boosted income
Read moreResource stocks round-up: Andes Energia, Karelian, Petra
28th Feb 2012 15:20
Latin American energy group Andes Energia is proposing to split itself in two, thereby creating two quoted companies, one focused on exploration and production activities and the other on electricity production. In an update on its exploration activities the company said it had succeeded in discov
Read moreSector movers: Land Securities boosts real estate trusts
18th May 2011 15:36
The real estate investment trust sector is the best performing sector after full-year results from Land Securities. Property giant Land Securities is towering above the rest of the FTSE 100 after it posted a sharp rise in profits and net asset value in the year to 31 March and predicted continued g
Read moreSector movers: Andes Energia, Drax boost electricity stocks
11th May 2011 15:43
Argentinian energy firm Andes Energia is providing a spark in the electricity sector after profits leapt 450% in 2010, due primarily to the performance of its stake in an electricity distributor. The group recorded a profit before tax of $22m on revenue of $171m for the year. This compared to a pr
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