Conventional & Shale Oil Production and Exploration Argentina-Colombia AIM: AEN www.andesenergiaplc.com.ar April 2015
Corporate Profile Andes Energia is a South American focused oil company with the largest acreage position in the Vaca Muerta shale owned by a public independent company, and a strong production growth record in conventional plays…
Argentina Summary of Andes Portfolio 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,…
Argentina Country Overview Argentina provides a regulated oil price of US77/bbl, attractive fiscal terms and incentive programmes. Local top management and experience is critical to understand, success and reach benefits from the…
Argentina Conventional Production and Development Andes currently producing 1,850 bbls/day in Argentina with significant production increase expected in the near term through aggressive drilling campaign and development of new fields…
Argentina Conventional Chachahuen (Andes 20%) Low cost, low risk, quick payback, high return, repeatable development Operated by YPF (70%), Andes (20%), other (10%) Located on trend to Argentinas largest producing fields Chihuido…
Argentina Conventional Chachahuen (Andes 20%) Relationship between productivity and low well cost make this a low risk, high return and quick payback development Development zone x-2 Development zone x-5 Wells x-2 Zone Drill…
Argentina Vaca Muerta Overview VENEZUELA The Vaca Muerta is the worlds third largest shale resource and the only oil producing shale COLOMBIA GUYANA SURINAME FRENCH GUIANA outside of the USA. ECUADOR The development of the play is…
Argentina Vaca Muerta Andes Position The largest acreage position in Vaca Muerta owned by an independent company and one of the highest quality portfolios, with 90% in the proved oil window Vega Grande 100% La Brea Andes Vaca…
Argentina Vaca Muerta Andes Licences 6 licences, 4 discoveries, 2 producing wells, +500 million barrels of certified resources Licence Ownership Net Acreage Highlights Successful VG x-1 well tested in December 2014 Vega Grande…
Argentina Vaca Muerta Recent farm-outs Recent transactions in the Vaca Muerta have implied values to over 10,000/acre Buyer Seller Assets Value (USm) US/acre Comments Petronas contributing 475m of Amarga Chica 550m over 3 annual phases…
Argentina Vaca Muerta Mata Mora (AEN 27%) Mata Mora is one of Andes key Vaca Muerta licences, given the proximity of Chevron / YPFs US1.2bn JV in Loma Campana, and Shell and BPs licences YPF 63% operator, Andes Loma La Loma Campana…
Argentina Vaca Muerta Corralera (AEN 27%) Andes Corralera block is located in proximity to a number of majors with multi-billion US investment programmes YPF 63% operator, Andes Ranquil Norte 27%, GyP Neuquen 10% 24,286 acres net to…
Argentina Vaca Muerta Typical Economics The Vaca Muerta has strong analogues with US shale plays and is already experiencing greater understanding, improved efficiency and reducing drilling, fracking and sands costs Technical metrics1…
Colombia Investment Grade Country Andes has an expanded presence in Colombia including 1,500 boepd production following the acquisition of a 51% stake in Interoil Colombian political environment Sound macroeconomic policies. Democracy…
Colombia Andes Portfolio Andes holds a number of exploration permits located near some of Colombias most prolific oil fields Block Phase Partner names Interoil Toqui Production Service contract with Ecopetrol VMM 8 InterOil*…
Colombia Interoil Acquisition Andes acquired 51% of Interoil in January 2015 Operated portfolio of four licences in Colombia Puli-C (Mana, Rio Opia, Ambrosia) is the main Oslo Stock producing block Exchange Significant upside…
Colombia Interoil Acquisition Restructuring Andes has restructured the Interoil balance sheet to take advantage of a stable cash flow and local operational capacities. Debt restructure Operating netback per barrel1 120 Replaced existing…
Forward Plan FY2011 FY2014 FY2017 Production 10,000bbls/day 100bbls/day 3,300bbls/day1 (exit) targeted Conventional Reserve growth Develop Reserves and replacement & Resources 2P Reserves 6mmboe 25.7mmboe1 Conversion of 659…
Andes Energia Key Takeaways Strong production performance from conventional Diversified production base of 3,300 boepd from participation in 150 wells and 8 fields, in two countries. It gives a stable and diversified cash flow…
Management Team Nicolas Mallo Huergo Alejandro Jotayan Juan Carlos Esteban Offices Chairman CEO & Board member COO & Board member Buenos Aires & Lawyer & Master in Law Engineer & MBA Engineer Mendoza (Argentina) 35 years experience in…
Interim results & Summary Six months ended 30th June 2014 Full 2014 year will be published in May US million 30th June 2014 (6 months) 30th June 2013 (6 months) Revenue 20.4 4.3 Gross profit 7.3 1.3 EBITDA 4.3 (0.3) Capex 3.9 0.2…
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