20 Mbbl 2P reserves Large position in unconventional plays (Vaca Muerta) 1,400 bblpd production and growing in South America Improving economic outlook for business in Argentina AIM: AEN www.andesenergiaplc.com.ar London,…
Investment Opportunity Andes is an oil & gas company focused on South America onshore, with a market cap of 156m* (US254m). Operations in Argentina, Colombia, Brazil (the three biggest economies and three of the four largest oil…
Business Model Strategy Develop current high profitable conventional fields at low cost, to increase production and cash flow to invest in exploration and development. Prospective resources Cashflow Reserves Production…
Management Team Nicolas Mallo Huergo, Chairman: Lawyer & Master in Law Alejandro Jotayan, CEO & Board member: Engineer & MBA, ex Repsol-YPF: Head of Upstream Strategy and M&A; ex Techint Group: Planning & Control Manager for Energy…
Track Record Consistent reserves and production growth 2P Reserves in MM bbl Production (bbl/d) 25 1600 1400 20 1200 15 1000 800 10 600 400 5 200 0 0 2010 2011 2012 2013E 2P reserves Reserves and Production at the end…
Asset Portfolio Colombia Exploration Exploration Brazil Paraguay development Shale oil Argentina Production Unvonventional exploration Development Exploration 7
Argentina The upside opportunity Worlds third largest resource country of shale oil & gas, with estimated resources of 130 Bboe (EIA), predominantly located in the Vaca Muerta Formation. Vaca Muerta, the worlds second largest shale…
Argentina The upside opportunity Until now, economic policies, litigations against the country and political uncertainties restricted capital inflow, resulting in discounted asset prices; but.. 2013 mid-term elections resulted in 70%…
Argentina Recent exploration and development activities Andes in 4 of 5 producing basins in Argentina having 30 blocks, half of them in partnership (farm out agreement) with YPF. 2 major successful unconventional discoveries were…
Argentina Conventional assets 1,400 boepd production 20 blocks with conventional reservoirs, 6 of them in production. Participation in +70 producing wells (from 20% to 100% WI) Ambitious development plan for Chachahuen, with 60 to 100…
Argentina Vaca Muerta Andes blocks location Andes, in a strategic partnership with YPF, had two discoveries in Vaca Muerta Fm: Mata Mora and Corralera. A new well is planned to be drilled in El Manzano West, in the next 6 months. 150…
Argentina Unconventional plays Vaca Muerta is the second largest unconventional oil and gas resource deposit in the world. Chevron-YPF initiating a massive development in Loma La Lata Block. Other participants in exploration &…
Argentina Neuquen Basin Geology TERC. CUATERNARIO TERCIARIO ORGENICO GRUPO MALARGUE GRUPO NEUQUEN F. RAYOSO M LAS TOSCA GRUPO RAYOSO M TRONCOSO SUPERIOR F. HUITRIN CRETACICO M.TRONCOSO INFERIOR M. CHORREADO SUP/ INFERIOR M. SUPERIOR F…
Colombia Investment Grade Country Prolific geology with a high discovery rate. High potential for new discoveries with a yet to find in the range of 30-50 Bboe, mainly in the Llanos basin, the most prolific basin in the country. High…
Colombia Neighbours recent activity Andess blocks are located in the most prolific basins of Colombia (Llanos and Middle Magdalena) surrounded by significant producing fields with several discoveries being announced in the last…
Brazil Untapped onshore Last on-shore significant works in the 70s/80s in producing basins, before offshore discoveries. Petrobras monopoly with few private medium and large companies operating onshore. Expensive to acquire assets…
Paraguay Unconventional potential Repatriacin and Capitan Mesa (Itapua) Blocks are part of the San Alfredo Group with unconventional potential. Andes holds 100 % and 50% of the blocks, respectively. Chaco Parana basin, potential…
Activity for the Next 24 Months BASIN BLOCK WELL TYPE INVESTMENT USD 70-120 MM self financed Chachahuen 60-100 (new) Conventional formation Rayoso Andes holds 20% La Paloma 2 (new) Conventional formation Grupo Cerro del USD 5MM 2…
Self financing - free carries Current production 1,400boepd - Operational Break even point of 500boepd Circa USD 10 M annual ebitda from current production. Free carries and financing of USD 30-40 MM net to Andes from farm-out…
Andes Potential Production Self financing and funding flexibility for further growth Bbl/d Potential production at the end of the year* 20,000 18,000 16,000 14,000 12,000 10,000 8,000 6,000 4,000 2,000 0 2013 E 2014 E 2015 E…
Summary 20 MMbbl of 2P reserves, +600MM boe of world class resources and 7.5 MM acres (+2 MM acres for unconventional in different basins), are a significant and qualified base to grow in conventional and unconventional oil…
Comparison of Vaca Muerta with US shale plays Vaca Muerta Barnett Haynesville Marcellus Eagle Ford (*) Bakken Total Organic Content 6 5 2 12 4 12 Thickness (m) 200 91 76 61 61 30 Depth (m) 3,000 2,286 3,658 2,057 2,287 1,829 Area (km2)…
Alejandro Jotayan, CEO Andes Energia Email: ajotayanandesenergiaplc.com.ar 25
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