Directorate Change

Published Tuesday 28th, October 2008.

Article Category: Announcements

Summary

Article Content
Andes Energia plc  (Andes or the Company)

Directorate Change
Andes (AIM: AEN) announces that its Executive Chairman, Michael Stevens, yesterday resigned as Chairman and as a director of the Company. Neil Bleasdale has been elected as acting Chairman with immediate effect, pending recruitment of a new independent Chairman.
Neil Bleasdale said, “We express our gratitude to Michael Stevens for his contribution and leadership since the completion of the reverse acquisition last year. My board colleagues and I send Michael our best wishes for the future. In the meantime, we restate our commitment to implementing Andes’s business plan, in particular the development of the oil and gas portfolio which Andes has assembled.”

For further information please contact:

Andes Energia plc
Luis Alvarez Poli, CEO
Nigel Duxbury, FD
T: 020 7495 5326

Arbuthnot Securities
James Steel
Antonio Boss
T: 020 7012 2000

Bishopsgate Communications
Maxine Barnes
Nick Rome
T: 020 7562 3350