Published Wednesday 19th, December 2007.
Article Category: Announcements
SummaryExercise of option bolsters asset base in Argentina’s major gas producing basin.
Andes Energia (AiM:AEN), the Latin American energy group, is pleased to announce that it has exercised its option to acquire a 20% interest in the Corralera and Mata Mora blocks in the province of Neuquen, the major gas producing basin in Argentina.
This will significantly bolster Andes Energia’s oil and gas assets, as it extends its reach into Argentina’s most prolific gas basin, Neuquen, where the Company already has acreage in the Rio Negro Province. Andes now has interests in nine oil and gas license blocks in Argentina whilst it also holds an option to acquire a 50% interest in a producing oil field in the province of Mendoza.
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