Rig Contract

Published Monday 14th, July 2008.
Article Category: Announcements
SummaryExploration drilling in San Jorge basin to Commence in Q3 2008
Article Content
Andes Energia plc
(Andes or the Company)

Drill Rig Contract

Exploration drilling in San Jorge basin to Commence in Q3 2008

The Board of Andes (AIM:AEN), the Latin American energy group, is pleased to announce that its joint venture consortium with Patagonia Oil & Gas S.A, Union Transitoria de Empresas (UTEs), has signed a drilling contract with San Antonio Internacional (San Antonio), a subsidiary of Pride International Inc.

Exploration drilling in the San Jorge basin will now commence in Q3 2008. This will initially focus on the Confluencia licence block and the first well will be drilled to a final depth of 1,456 metres. It is anticipated that it will take 20 days to drill to final depth.

Further to the announcement on 26 June 2008, this is the first of an initial four well exploration drilling program which is expected to be completed by March 2009.

Luis Alvarez Poli, Chief Executive Officer of AEN stated, \”We are delighted to have secured a drilling rig from one of the most competitive operators in the region. We look forward to working closely San Antonio, which has a strong track record in Argentina.\”

Enquiries:

Andes Energia plc
Luis Alvarez Poli, CEO
Nigel Duxbury, FD
T: 020 7495 5326
Arbuthnot Securities
James Steel
Antonio Bossi
T: 020 7012 2000

Bishopsgate Communications Limited
Maxine Barnes
Nick Rome
T: 020 7562 3350

Director/PDMR Shareholding
Published Friday 11th, July 2008.
Article Category: Announcements
SummaryThe Company annonces that on 10 July 2008 Luis Alvarez Poli and Neil Bleasdale bought ordinary shares in AEN.
Article Content
Andes Energia plc
(AEN or the Company)

The Company announces that on 10 July 2008 it received notification from Luis Alvarez Poli, CEO of the Company, that on 8 July 2008 he bought 20,000 ordinary shares in AEN at 48.50 pence per share.

On the same date, it also received notification from Neil Bleasdale, Non Executive Director of the Company, that on 10 July 2008 he bought 26,000 ordinary shares in AEN at 47.75 pence per share.

In each case, the above shares comprise Mr Poli’s and Mr Bleasdale’s entire holdings of AEN ordinary shares.

Enquiries:

Andes Energia plc
Luis Alvarez Poli, CEO
Nigel Duxbury, FD
T: 020 7495 5326
Arbuthnot Securities
James Steel
Antonio Bossi
T: 020 7012 2000
Bishopsgate Communications Limited
Maxine Barnes
Nick Rome
T: 020 7562 3350