Financial Report

2015

2015 Interim Report
 Published Wednesday 30 September 2015. Article Category: Reports Summary. Article Content: Interim Report 2015 
2014 Final Results
Published Monday 1, June 2015. Article Category: Reports Summary Article Content: 2014 Andes Accounts 

2014

2013 Final Results
Published Friday 23th, May 2014. Article Category: Reports Summary Article Content: 2013 – Final Results

2013

2013 Andes Accounts
Published Monday 16th, June 2014. Article Category: Reports Summary Article Content:2013 Andes Accounts
2013 Interim Report
Published Wednesday 30th, September 2013. Article Category: Reports Summary Article Content: pdfInterim Report 2013 –
2012 Final Results
Published Wednesday 12th, June 2013. Article Category: Reports Summary Article Content: pdf2012 – Final Results
2012 Andes Accounts
Published Wednesday 12th, June 2013. Article Category: Reports Summary : Article Content : pdf2012 Andes Accounts

2012

Unaudited 2012 Interim Results
Published Friday 28th, September 2012. Article Category: Reports Summary Article Content pdf Click here to download. Unaudited 2012 Interim Results
Annual report 2011
Published Monday 4th, June 2012. Article Category: Reports Summary : Article Content : pdf Click here to download. Annual report 2011
Final Results for the year ended 31 December 2011
Published Wednesday 30th, May 2012. Article Category: Reports Summary : Article Content : pdf Click here to download. Final Results for the year ended 31 December 2011
Edemsa results qtr ending 31 Mar 12
Published Tuesday 22nd, May 2012. Article Category: Reports Summary : Article Content : pdf Click here to download. Edemsa results qtr ending 31 Mar 12
Unaudited results for EDEMSA for for the year ended 31 December 2011
Published Tuesday 13th, March 2012. Article Category: Reports Summary Article Content : pdf Click here to download. Unaudited results for EDEMSA for for the year ended 31 December 2011

2011

EDEMSA 9 month results
Published Monday 14th, November 2011. Article Category: Reports Summary : Article Content : pdf Click here to download. EDEMSA 9 month results
AEN interim results for the six months ended 30 June 2011.
Published Friday 30th, September 2011. Article Category: Reports Summary Article Content: pdf Click here to download. AEN interim results for the six months ended 30 June 2011.
EDEMSA results six months ending 30 jun 2011
Published Friday 12th, August 2011. Article Category: Reports Summary : Article Content : pdf Click here to download. EDEMSA results six months ending 30 jun 2011
2010 Andes Statutory Accounts
Published Tuesday 7th, June 2011. Article Category: Reports Summary : Article Content : pdf Click here to download. 2010 Andes Statutory Accounts
Final Results for the year ended 31 December 2010
Published Wednesday 11th, May 2011. Article Category: Reports Summary : Article Content : Andes Energia plc (Andes, Company and the Group) the oil and gas, electricity distribution, hydro-electric power company in Argentina, with certain other exploration interests outside Argentina, is pleased to announce its results for the year ended 31 December 2010. Final results in attached document pdf Click here to download. Final Results for the year ended 31 December 2010
Edemsa Results for the year ended 31 December 2010
Published Monday 14th, March 2011. Article Category: Reports Summary : Article Content : pdf Click here to download. Edemsa Results for the year ended 31 December 2010

2010

Unaudited results for EDEMSA
Published Wednesday 29th, September 2010. Article Category: Reports Summary Article Content: pdf Click here to download. ANDES ENERGIA PLC – UNAUDITED 2010 INTERIM RESULTS
ANDES ENERGIA PLC - UNAUDITED 2010 INTERIM RESULTS
Published Wednesday 29th, September 2010. Article Category: Reports Summary : Article Content : pdf Click here to download. ANDES ENERGIA PLC – UNAUDITED 2010 INTERIM RESULTS
Final Results
Published Thursday 3rd, June 2010. Article Category: Reports Summary : Final results for the year ended 31 December 2009 Article Content Balance sheet in attached document pdf Click here to download. Final Results
EDEMSA results - quarter ended 31 March 2010
Published Thursday 13th, May 2010. Article Category: Reports Summary : Unaudited results for Empresa Distribuidora de Electricidad de Mendoza Sociedad Anonima (EDEMSA)for the quarter ended 31 March 2010 Article Content : pdf Click here to download. EDEMSA results – quarter ended 31 March 2010
EDEMSA results
Published Friday 12th, March 2010. Article Category: Reports Summary : Unaudited results for Empresa Distribuidora de Electricidad de Mendoza Sociedad Anonima (EDEMSA)for the year ended 31 December 2009 Article Content pdf Click here to download. EDEMSA results

2009

Unaudited 2009 Interim Results
Published Tuesday 29th, September 2009. Article Category: Reports Summary : ANDES ENERGIA PLC – UNAUDITED 2009 INTERIM RESULTS Article Content :ANDES ENERGIA PLC(Andes or the Company or with its subsidiaries the Group)Andes, the Latin American energy group, is pleased to announce its interim results for the six months ended 30 June 2009.Financial highlightsRevenues up 22% to AR$252 million (US$69.2 million) from AR$206 million for the equivalent period last year EBITDA US$7.2 million (H1 2008: US$ 8.8 million)Loss per share US$0.01 (H1 2008: Earnings per share 0.07 cents)Operational highlightsDuring the periodSuccessful renegotiation of secured US$5,000,000 loan facility.Continuation of geophysical studies, seismic reprocessing and seismic acquisition.After the period endDecree issued on 22 July 2009 approving procedure for the calculation of the Empresa Distribuidora de Electricidad de Mendoza S.A. (EDEMSA) tariff for the third review period.Implementation of first new tariff increases for the third review period effective retrospectively to 1 August 2009. The increases equate to an average tariff increase of 12%.Level 1 American Depositary Receipt (ADR) program established in the US with Bank of New York Mellon as the depositary bank.Luis Alvarez Poli, Chief executive Officer, said: “We are pleased with the progress we have made in the first six months of this year. The first new tariffs for the third review period have now been implemented and we continue to work towards advancing our oil and gas exploration interests and the development of our oil and gas exploration strategy. The ADR program has been established to broaden our existing shareholder base and increase the Company’s visibility with investors in the US.”Enquiries:Andes Energia Luis Alvarez Poli, Chief Executive Officer Nigel Duxbury, Finance Director T: 020 7495 5326Arbuthnot Securities James Steel Antonio Bossi T: 020 7012 2000Bishopsgate Communications Maxine Barnes Nick Rome T: 020 7562 3350 Note to Editors:Andes is a Latin American energy group, with electricity distribution, hydro-electric power and oil and gas interests in Argentina. The Company’s focus is on the Argentinean energy sector.Chairman’s reviewFirst-half revenues increased to US$ 69.2 million compared to revenues of US$66.5 million for the equivalent period last year. EBITDA was US$7.2 million (6 months to 30 June 2008: US$8.8 million).Although the gross profit has increased to US$17.8 million from US$16.1 million the increase in operating expenses resulted in an operating profit of US$3.2 million down from US$4.2 million for the equivalent period last year.The finance costs for the year have been adversely impacted by the weakening of the AR$ against the US$, resulting in a non-cash exchange loss of US$6.7 million in EDEMSA for the period. The Company continues to evaluate all options available to it to minimise this currency risk. EDEMSA has established a trust with the objective of investing in US$ denominated assets and has secured shareholders\’ approval to issue up to an equivalent of US$80 million of debt instruments denominated in AR$ or other foreign currencies at the Board’s discretion, which would give EDEMSA more flexibility to manage this currency risk.After the period end EDEMSA completed the process for the implementation of the first new tariffs for the third review period. This follows the approval of the procedure for the calculation of the new tariffs, which was announced on 12 August 2009. The new electricity tariffs will result in an average increase of between 0% and 15% for residential users and between 12% and 22% for commercial users, representing an average total increase of approximately 12%, which will be effective retrospectively from 1 August 2009. As announced on 21 February 2008, the terms for the acquisition of the final 50 per cent. interest in Sodem S.A. included the possibility of an earn-out payment. The approval of the procedure for the calculation of the new tariffs might crystallise this earn-out payment, which may be satisfied in cash and/or through the issue of new Company shares. However, under the terms of the stock purchase agreement, certain elements of the earn-out are still open to interpretation and are being agreed with the seller. At this time no liability has been recognised in the balance sheet for an earn-out payment, due to the uncertainty of whether it will become due or not.The results of Hidroelectrica Ameghino S.A. (HASA) have benefited from the change in the regulations implemented in October 2008 that now allows HASA to sell all the electricity it generates to the wholesale market resulting in revenues increasing by over 100% for the six months compared to the equivalent period last year, with a resulting increase of 689% in EBITDA over the same period.Whilst the international economic turmoil has had an impact on oil companies and in particular exploration projects, we continue to gather and interpret seismic data and are looking to conduct further geochemical surveys and if necessary further 3D seismic work towards the end/beginning of this/next year. As announced on 29 June 2009, meetings have been held with the Chubut regulator to discuss a possible extension of the first exploration period and possible changes to exploration commitments. We will be looking to continue these discussions with the regulator over the coming months.As announced on 25 June 2009, Juan Carlos Esteban, Chief Executive Officer of the Group\’s oil and gas interests was appointed to the Board. His appointment significantly strengthens the Board, particularly given the focus on the development of the group’s oil and gas interests.During the period the Company successfully completed the renegotiation of its secured US$5,000,000 loan facility, which carries a 12.75 per annum coupon and defers the principal repayment until March 2013.Your Company continues to grow and develop and has made significant steps in putting the Company on a solid financial footing in these difficult markets. We are confident that our efforts throughout 2009 will allow us to make further progress in the development of our energy businesses and we are grateful to shareholders for their continued support and look forward to updating you on developments in the near future.Neil BleasdaleChairmanConsolidated income statement in attached documentpdf Click here to download. Unaudited 2009 Interim Results
EDEMSA Interim Results
Published Wednesday 12th, August 2009. Article Category: Reports Summary : Unaudited results for Empresa Distribuidora de Electricidad de Mendoza Sociedad Anonima (EDEMSA) for the sixth months ended 30 June 2009 Article content :Andes Energia plc (Andes)(AIM:AEN)EDEMSA, the electricity distributor for the province of Mendoza in which Andes has a 51 per cent. indirect interest, has published its financial results for the six months ended 30 June 2009. This information, which has been prepared under Argentine GAAP and in Spanish, is available from the web-site of the Argentine Comision Nacional de Valores at www.cnv.gov.ar. This announcement sets out the unaudited financial information of EDEMSA for the same period prepared under IFRS in Argentine Pesos (AR$).Financial Overview of EDEMSAEDEMSA reported a loss for the six months of AR$11.2 million (6 months to 30 June 2008: AR$9.2 million profit)Sales in the period increased by 20.6% over the equivalent period last year, to AR$243 million. This increase resulted primarily from a 3.5% increase in the demand for energy and the pass through of an increase in the cost of energy purchased.Although the gross profit has increased to AR$60.4 million from AR$49.3 million, the increase in operating expenses resulted in an operating profit of AR$12.6 million down from AR$16.1 million in the equivalent period last year, with EBITDA of AR$26.6 million (6 months to 30 June 2008: AR$29.7 million).The finance costs for the year have been adversely impacted by the weakening of the AR$ against the US$, resulting in a non-cash exchange loss of AR$24.4 million for the period. The company continues to evaluate all options available to it to minimise this currency risk. The company has established a trust with the objective of investing in US$ denominated assets and as previously mentioned has secured shareholders\’ approval to issue up to an equivalent of US$80 million of debt instruments denominated in AR$ or other foreign currencies at the Board\’s discretion, which would give the company more flexibility to manage this currency risk.On 22 July 2009 decree number 1569-09 was published in the Official Gazette of the Province of Mendoza, which approved the procedure for the calculation of the tariff for the third review period. At the date of this announcement EDEMSA has not yet been advised of the percentage increase, which will be calculated by EPRE, the provincial regulator. The Board believes this notification will be forthcoming in the near future.Neil Bleasdale, EDEMSA President commented, \”We are pleased that the Government has approved the procedure for the calculation of the tariff increase. The tariff schedules will be published once decided by the Ministry of Infrastructure, Housing and Transport and we will update the market with more details once published.\”.balance sheet in attached document
Final Results
Published Tuesday 30th, June 2009. Article Category: Reports Summary : Final results for the year ended 31 December 2008 Article Content pdf Click here to download. Final Results
Annual Report 2008
Published Tuesday 30th, June 2009. Article Category: Reports Summary : Article Content : pdf Click here to download. Annual Report 2008
Quarterly results for EDEMSA
Published Wednesday 13th, May 2009. Article Category: Reports Summary : Unaudited results for Empresa Distribuidora de Electricidad de Mendoza Sociedad Anonima (EDEMSA)for the quarter ended 31 March 2009 Article content :Andes Energia plc (Andes)(AIM:AEN)EDEMSA, the electricity distributor for the province of Mendoza in which Andes has a 51 per cent. indirect interest, has published its financial results for the quarter ending 31 March 2009. This information, which has been prepared under Argentine GAAP and in Spanish, is available from the web-site of the Argentine Comision Nacional de Valores (\”CNV\”) at www.cnv.gov.ar. This announcement sets out the unaudited financial information of EDEMSA for the same period prepared under IFRS in Argentine Pesos (AR$).Financial Overview of EDEMSAEDEMSA reported a loss for the quarter of AR$9.6 million compared to a profit of AR$0.9 million for the equivalent quarter in 2008.Sales increased by 27% over the 2008 equivalent quarter, to AR$125.7 million. This increase resulted from an increase in tariffs in recognition of cost inflation, which became effective 1 February 2008, together with an increase in the demand for energy and the pass through of an increase in the cost of energy purchasedAlthough the gross profit increased by AR$8.4 million over the 2008 equivalent quarter, the increase in operating expenses resulted in an operating profit of AR$7.8 million compared to AR$8.1 million, with EBITDA of AR$14.7 million (quarter ending 31 March 2008: AR$14.9 million).The finance costs for the quarter have been adversely impacted by the weakening of the AR$ against the US$, resulting in a non-cash exchange loss of AR$19 million for the quarter. We continue to enter into short term contracts to hedge this risk when contracts are available and in our opinion the associated cost is not uneconomic. The Board has secured shareholders and CNV approval to issue debt instruments denominated in AR$ or other foreign currencies up to an equivalent of US$80 million, which could give the company more flexibility to manage this currency risk.As announced on 11 March 2009, EDEMSA expects the next tariff review for the third pricing period to take effect from 1 February 2009 but at the date of this announcement the provincial government law decree has not yet been issued. The Board remains confident that the new tariff regime will be forthcoming and will update the market as appropriate.balance sheetEnquiries:Andes Energia plc Tel :020 7495 5326 Luis Alvarez Poli, Chief Executive Officer Nigel Duxbury, Finance DirectorArbuthnot Securities Tel: 020 7012 2000 James Steel Antonio BossiBishopsgate Communications Tel: 020 7562 3350 Nick Rome Michael Kinirons pdf Click here to download. Quarterly results for EDEMSA
EDEMSA Final Results
Published Wednesday 11th, March 2009. Article Category: Reports Summary : Unaudited results for Empresa Distribuidora de Electricidad de Mendoza Sociedad Anonima (EDEMSA) for the year ended 31 December 2008 Article Content :Andes Energia plc (Andes)(AIM:AEN)EDEMSA, the electricity distributor for the province of Mendoza in which Andes has a 51 per cent. indirect interest, has published its financial results for the year ended 31 December 2008. This information, which has been prepared under Argentine GAAP and in Spanish, is available from the web-site of the Argentine Comision Nacional de Valores at www.cnv.gov.ar. This announcement sets out the unaudited financial information of EDEMSA for the same period prepared under IFRS in Argentine Pesos (AR$).Financial Overview of EDEMSAEDEMSA reported a loss for the year of AR$8.5 million compared to a profit of AR$296.6 million in 2007. This result is not directly comparable due to first, the impact of the successful restructuring of the company’s debt in 2007, which resulted in a write back of AR$275 million and second, a tax credit of AR$26 million.Sales in 2008 increased by 24.6% over 2007 to AR$428 million. This increase resulted primarily from the increase in tariffs in recognition of cost inflation, which became effective 1 February 2008, together with a 2.5% increase in the demand for energy and the pass through of an increase in the cost of energy purchased.Although the gross profit has increased to AR$100 million from AR$51 million, the increase in operating expenses resulted in an operating profit of AR$25 million from AR$7 million in 2007, with EBITDA increasing to AR$53 million (2007: AR$33 million).Notwithstanding the debt restructuring, which was completed in 2007, the finance costs for the year have been adversely impacted by the weakening of the AR$ against the US$, resulting in a non cash exchange loss of AR$22 million for the year. It is becoming increasingly difficult to enter into forward contacts to hedge this risk due to the lack of available contracts and the associated high cost. The company continues to evaluate all options available to it to minimise this currency risk and has recently secured, subject to CNV approval, shareholders’s approval to issue up to an equivalent of US$80 million of debt instruments denominated in AR$ or other foreign currencies at the Board’s discretion, which would give the company more flexibility to manage this currency risk.As announced on 24 November 2008, EDEMSA expects the next tariff review for the third pricing period to take effect from 1 February 2009 but at the date of this announcement the provincial government law decree has not yet been issued. The Board remains confident that the new tariff regime will be forthcoming and will update the market as appropriate.Neil Bleasdale, EDEMSA President commented, “2008 was a year of positive transition and whilst operating results were much improved over 2007, current tariff levels are still not sufficient. The generation of acceptable future results is dependent on establishing a reasonable tariff for the next review period”.Balance in attached document pdf Click here to download. EDEMSA Final Results

2008

EDEMSA 3Q Results
Published Tuesday 11th, November 2008. Article Category: Reports Summary : Unaudited results for Empresa Distribuidora de Electricidad de Mendoza Sociedad Anonima (EDEMSA) for the nine months ended 30 September 2008. Article Content :Andes Energia plc (Andes) (AIM:AEN)Unaudited results for Empresa Distribuidora de Electricidad de Mendoza Sociedad Anonima (EDEMSA) for the nine months ended 30 September 2008.EDEMSA, a company in which Andes has a 51 per cent. indirect interest, has published financial information for the nine months ended 30 September 2008. This information, which has been prepared under Argentine GAAP and in Spanish is available from the web-site of the Argentine Comision Nacional de Valores at www.cnv.gov.ar. Set out below is the unaudited financial information of EDEMSA for the same period prepared under IFRS.Balance in attached document doc Click here to download. EDEMSA 3Q Results
Interim Results
Published Monday 29th, September 2008. Article Category: Reports Summary : Article Content :ANDES ENERGIA PLC Andes or the Company or with its subsidiaries the GroupANDES ENERGIA PLC – UNAUDITED 2008 INTERIM RESULTSAndes, the Latin American energy group, is pleased to announce its interim results for the six months ended 30 June 2008.Financial highlights• Revenues up 21% to US$66.5 million (H1 2007: US$54.9 million) • EBITDA up 53% to US$8.8 million (H1 2007: US$ 5.8 million) • Earnings per share of 0.07 centsOperational highlights• Exercise of the option to acquire a further 25.5% indirect interest in the share capital of EDEMSA. Andes now owns 51% of EDEMSA. • Increase in electricity tariffs charged by EDEMSA of between 10% and 27%, implemented on 1 February 2008, equivalent to an average tariff increase of 20%. • Receipt of notification that the shareholders of Patagonia Oil & Gas S.A., Andes is consortium partner in certain oil and gas interests, had entered into a funding agreement worth up to US$94.5 million with PetroSaudi International Limited (PetroSaudi). • Drilling commenced on the Confluencia licence block in the San Jorge basin.Luis Alvarez Poli, Chief Executive Officer, said:”We are pleased with the continued progress we have made this year. The implementation of the tariff increase at EDEMSA has resulted in a significant increase in revenue and EBITDA for the Group. Throughout this year we have worked towards advancing our oil and gas exploration interests and the commencement of drilling on the Confluencia licence block is an exciting step in the development of our oil and gas exploration strategy.”Enquiries:Andes Energia Luis Alvarez Poli, Chief Executive Officer Nigel Duxbury, Finance Director T: 020 7495 5326 Arbuthnot Securities James Steel Antonio Bossi T: 020 7012 2000 Bishopsgate Communications Maxine Barnes Nick Rome T: 020 7562 3350 Note to Editors:Andes is a Latin American energy group, with electricity distribution, hydro-electric power and oil and gas interests in Argentina. The Company’s focus is on the Argentinean energy sector.A Union Transitoria de Empresas (UTE), is a registered joint venture. UTEs have been established to manage the licence blocks held under the consortium agreement with Patagonia Oil & Gas S.A. Andes holds a 20% royalty interest, a 20% carried interest and a 3% working interest in the licences held by the consortium.Chairman’s reviewI am pleased to report that first-half revenues have increased by 21% to US$66.5 million with a resulting increase in EBITDA of 53% to US$8.8 million.These results primarily reflect the benefit of the average tariff increase of 20% implemented in February 2008 by EDEMSA. A further tariff review is due to be completed by 1 February 2009 to establish a reasonable tariff for the third period of the licence agreement. In February 2008 we also completed the acquisition of a further 25.5% indirect interest in EDEMSA.Whilst the results of HASA have been adversely impacted by low rainfalls and the resulting low water levels in the dam, we are confident that this position is starting to turn around following recent rainfall.Our prime focus this year has been the development of our oil and gas exploration interests.Seismic data interpretation on Confluencia, Buen Pasto, San Bernardo, Rio Senguerr and Sierra Cuadrada blocks has been completed. There is approximately 6,000km of available information to be reprocessed, which, it is estimated, will take approximately four months.The UTEs have entered into a tendering process to secure a contractor to conduct a further 2D and 3D seismic data acquisition program for 2,000km 2D and 1,000km² 3D seismic. Two contractors have been short-listed and this work is due to start shortly and is expected to be completed by the end of October. The specifics of the program will be defined on a case-by-case basis.Carson Helicopters Inc., Aerogravity Division, from the USA, has been contracted to carry out a 34,780km² aeromag and aerogravity program over the licence blocks in the San Jorge basin. As of the date of this announcement approximately 32,466km² of the program area has been covered, representing 93% of the planned program. Subject to weather conditions, this program is expected to be completed shortly.Soil gas geochemical surveys have been conducted by Exploration Technologies, Inc. A total of 1,196 samples have been gathered from the Confluencia, Buen Pasto, San Bernado, Pampa Salamanca Norte, Rio Senguerr and Sierra Cuadrada blocks. Preliminary results indicate a high level of gas anomalies, particularly in the Rio Senguerr block, the northern portion of the Confluencia block and the western portion of the Pampa Salamanca Norte block, which may prove prospective.Once completed, the results of the survey, the seismic and the geochemical programs will be correlated allowing the Group to assess and select additional drill targets.The joint venture consortium has signed a drilling contract with San Antonio Internacional, a subsidiary of Pride International Inc., to carry out exploration drilling in the San Jorge basin. The Group has an interest in six licence blocks in this basin, Confluencia, San Bernardo, Pampa Salamanca Norte, Buen Pasto, Sierra Cuadrada and Rio Seguerr. These blocks cover an area of approximately 25,000km². An initial four well exploration drilling program is plannedDrilling of the first well commenced on 23 September 2008 on the Confluencia licence block in the San Jorge basin. The first well will be drilled to a total maximum depth of 2,000 metres from surface and should take approximately 20 days to drill to target depth. This well is designed to evaluate the potential oil bearing zone identified through the interpretation of acquired seismic data and old well logs.The Group plans to drill its second well in the San Bernardo block. It is expected that this well will be located close to the existing producing fields in adjacent licence areas, subject to completion of seismic interpretation. It is anticpated that the third and fourth wells will also be drilled on licence blocks in the San Jorge basin. The location of these wells will be subject to further interpretation and evaluation of data, which will allow the Group to identify potential prospects.The UTEs have committed up to US$21 million to fund these exploration programs. This expenditure is covered by the funding arrangement with PetroSaudi, which the Company announced on 25 February 2008.We have appointed Juan Carlos Esteban as Chief Executive Officer of the Group’s oil and gas interests. Juan Carlos Esteban joined the Group from YPF. At YPF he was responsible for production activities in Argentina and Bolivia and for the operations of YPF’s fields in North Mendoza and Malargue in the Cuyana and Neuquen basins. He has significant knowledge and experience in the areas where the Group holds its licences and is a valuable addition to our team.Your Company has established a strong management, technical and operational team with which to fulfill its exploration strategies. We are confident that our efforts throughout 2008 will allow the Company to quickly advance its exploration of the various licences. We are grateful to Shareholders for their continued support and look forward to updating you on developments in the near future.Michael Stevens Chairman Attached Consolidated income statement for the six months ended 30 June 2008doc Click here to download. Interim Results
EDEMSA interim results
Published Monday 11th, August 2008. Article Category: Reports Summary : Unaudited results for Empresa Distribuidora de Electricidad de Mendoza Sociedad Anonima (EDEMSA)for the six months ended 30 June 2008 Article Content :Unaudited results for Empresa Distribuidora de Electricidad de Mendoza Sociedad Anonima (EDEMSA)for the six months ended 30 June 2008EDEMSA, a company in which Andes has a 51 per cent. indirect interest, has published financial information for the six months ended 30 June 2008. This information, which has been prepared under Argentine GAAP and in Spanish is available from the web-site of the Argentine Comision Nacional de Valores at www.cnv.gov.ar.Set out below is the unaudited financial information of EDEMSA for the same period prepared under IFRS.Balance in attached documentEnquiries:Andes Energia plc Tel :020 7495 5326 Luis Alvarez Poli, Chief Executive Officer Nigel Duxbury, Finance DirectorArbuthnot Securities Tel: 020 7012 2000 James Steel Antonio BossiBishopsgate Communications Tel: 020 7562 3350 Maxine Barnes Nick Rome doc Click here to download. EDEMSA interim results
Annual Report and Accounts
Published Monday 30th, June 2008. Article Category: Reports Summary : Andes (AIM:AEN) confirms that its Annual Report and Accounts for the year ended 31 December 2007 will be posted today to shareholders with a Notice of Annual General Meeting. Article ContentAndes Energia plc(Andes or the Company)Andes (AIM:AEN) confirms that its Annual Report and Accounts for the year ended 31 December 2007 will be posted today to shareholders with a Notice of Annual General Meeting. An electronic copy of the Andes Report and Accounts 2007 will be available from the Company’s website at www.andesenergiaplc.com.ar and copies will also be available from the registered office of the Company.Enquiries:Andes Energia plc Luis Alvarez Poli, CEO Nigel Duxbury, FD T: 020 7495 5326Arbuthnot Securities James Steel Antonio Bossi T: 020 7012 2000Bishopsgate Communications Limited Maxine Barnes Nick Rome T: 020 7562 3350 pdf Click here to download. Annual Report and Accounts
Joint Venture Update
Published Thursday 26th, June 2008. Article Category: Reports Summary : Article Content :Andes (AIM: AEN) announces an update on the exploration and drilling programs adopted by the joint venture Union Transitoria de Empresas (\”UTEs\”), registered joint ventures, for the licence blocks held under the consortium agreement between Andes and Patagonia Oil & Gas S.A. Andes holds a 20% royalty interest, a 20% carried interest and a 3% working interest in the licences held by the consortium and the UTEs.Significant elements of the work completed and planned include:4 exploration wells planned$21 million committedOver 2,000km existing seismic data re-interpreted2,000km 2D and 1,000km² 3D seismic under tenderApproximately 35,000km² aeromag and aerogravity survey expected to be completed by the end of July 2008DrillingThe UTEs are at an advanced stage of appointing a drilling contractor to carry out exploration drilling in the San Jorge basin. The Group has an interest in six licence blocks in this basin, Confluencia, San Bernardo, Pampa Salamanca Norte, Buen Pasto, Sierra Cuadrada and Rio Seguerr. These blocks cover an area of approximately 25,000km².The Company anticipates that the first well will be drilled within the next 60 days in the Confluencia block. This well is the first of an initial four well exploration drilling program which is expected to be completed by March 2009.The first well is located at E: 243396.10 and N: 4929744.79 and will be drilled to a final depth of 1,456 metres. It is anticipated that it will take approximately 10 days to drill to final depth and complete testing. This well is designed to evaluate the potential oil bearing zone identified through the interpretation of acquired seismic data and old well logs.The Company anticipates drilling the second well in the San Bernardo block. It is expected that this well will be located close to the existing producing fields in neighbouring licence areas, subject to completion of seismic interpretation.It is expected that the third and fourth wells will also be drilled on the licence blocks in the San Jorge basin, subject to firming up prospects.Seismic survey updateSeismic data re-interpretation on Confluencia, Buen Pasto, San Bernado, Rio Senguerr and Sierra Cuadrada has been completed. Approximately 2,061km of 2D seismic data has been reprocessed on these blocks. This data together with the other processed data has been used to identify the initial drill targets.The UTEs have entered into a tendering process to secure a contractor to conduct a further 2D and 3D seismic data acquisition program for 2,000km 2D and 1,000km² 3D seismic. Two contractors have been short-listed and this work is due to be carried out at the same time as the drilling of the first exploration well referred above. The specifics of the program will be defined on a case by case basis.AeromagneticCarson Helicopters Inc., Aerogravity Division, from the USA, has been contracted to carry out a 34,780km² aeromag and aerogravity program over the licence blocks in the San Jorge basin. As of the date of this announcement approximately 22,363km² of the program area has been covered, representing 65% of the planned program, with an expected completion date, subject to weather conditions, by the end of July 2008.Once completed the results of the survey will be correlated with the results from the seismic and geochemical programs and will be used to select additional drill targets.GeochemicalSoil gas geochemical surveys were conducted by Exploration Technologies, Inc. A total of 1,196 samples were gathered from the Confluencia, Buen Pasto, San Bernado, Pampa Salamanca Norte, Rio Senguerr and Sierra Cuadrada blocks. Preliminary results indicate a high level of soil gas anomalies, particularly in the Rio Senguerr block, the northern portion of the Confluencia block and the western portion of the Pampa Salamanca Norte block, which may prove prospective.FundingThe UTEs have committed up to US$21 million to fund these exploration programs. These expenditures are covered by the funding arrangement with Petrosaudi previously announced (25 February 2008).Luis Alvarez Poli, Chief Executive Officer of Andes stated,\”We are delighted with the progress of our exploration programs and the fact that we will shortly commence drilling. The new data once interpreted will add significantly to our already substantial database, including recently completed digitisation and re-processing of 2D seismic data acquired by earlier exploration activities undertaken by other companies. This data will assist us in selecting additional drill sites on our licence blocks\”.Enquiries:Andes Energia plc Luis Alvarez Poli, CEO Nigel Duxbury, FD T: 020 7495 5326Arbuthnot Securities James Steel Antonio Bossi T: 020 7012 2000Bishopsgate Communications Limited Maxine Barnes Nick Rome T: 020 7562 3350
Unaudited preliminary results for the year ended 31/12/2007
Published Tuesday 27th, May 2008. Article Category: Reports Summary : Unaudited preliminary results for the year ended 31 December 2007 Article Content :The Board of Andes, the Latin American energy group, with electricity distribution, hydroelectric power and oil and gas interests in Argentina and certain other exploration interests outside Argentina, is pleased to announce preliminary results for the year ended 31 December 2007.Please see attached document for further information. doc Click here to download. Unaudited preliminary results
Unaudited results for the quarter ended 31 March 2008
Published Monday 12th, May 2008. Article Category: Reports Summary : Unaudited results for Empresa Distribuidora de Electricidad de Mendoza Sociedad Anonima (EDEMSA) for the quarter ended 31 March 2008 Article Content :EDEMSA, a company in which Andes has a 51 per cent. indirect interest, has published financial information for the quarter ended to 31 March 2008. This information, which has been prepared under Argentine GAAP and in Spanish is available from the web-site of the Argentine Comision Nacional de Valores at www.cnv.gov.ar.Set out in the attached document is the unaudited financial information of EDEMSA for the same period prepared under IFRS.Andes also looks forward to releasing its preliminary results for 2007 for the group within the next two weeks.Please see attached document for further information. doc Click here to download. Unaudited results document

2007

EDEMSA - 9 month results
Published Monday 12th, November 2007. Article Category: ReportsSummaryEDEMSA has published financial information for the nine months to 30 September 2007.Article Content Empresa Distribuidora de Electricidad de Mendoza Sociedad Anonima (EDEMSA), a company in which Andes has a 25.5% indirect interest, has published financial information for the nine months to 30 September 2007.doc Click here to download. EDEMSA 9 month results document
Unaudited results for the quarter ended 31 March 2008
Published Tuesday 25th, September 2007.Article Category: ReportsSummaryThe results for Ragusa Capital Plc reflect the six month period ended 30 June 2007.Ragusa Capital Plc made a loss for the period, after taxation, of £314,311 after receiving interest of £96,926, having paid administrative expenses of £264,134 and recorded other net losses of £147,103.The basic and diluted loss per share was 1.3 pence.Please see attached document for further information.
Interim Results
Published Tuesday 25th, September 2007.Article Category: ReportsSummary : Unaudited interim results for Empresa Distribuidora de Electricidad de Mendoza S.A.Article content:On 7 September 2007 Ragusa Capital plc, announced that terms had been agreed for the acquisition of certain utility assets as well as oil and gas exploration interests in Argentina and a change of name to Andes Energia plc, conditional on shareholder approval.Please see attached document for further information.docClick here to download. Interim Results – EDEMSA
Report and Accounts
Published Thursday 28th, June 2007.Article Category: ReportsSummaryThe Company announces that its Report and Accounts for the nine month period ended 31 December 2006Article ContentRNS Number:2234Z Ragusa Capital PLC 28 June 2007Ragusa Capital Plc “the Company28 June 2007Report and AccountsThe Company announces that its Report and Accounts for the nine month period ended 31 December 2006 have been posted to shareholders, and copies are available from the Company’s offices at:3rd Floor 16 Dover Street London W1S 4LR

2006

Annual Report
Published Sunday 31st, December 2006.Article Category: ReportsSummaryThe results for Ragusa Capital Plc (the “Company”) cover the nine month period ended 31 December 2006.Article ContentThe Company generated a loss for the nine month period, after taxation, of £31,948 after receiving investment revenues of £151,765, having paid administrative expenses of £257,567 and recorded other net gains of £32,649.The basic and diluted loss per share was 0.1 pence. The Company had cash balances of £3,904,927 at the period end.Please see attached DOC for more information.pdfClick here to download. Results Document
Final Results
Published Friday 31st, March 2006.Article Category: ReportsSummaryThe results for Ragusa Capital Plc (theArticle ContentThe Company incurred a profit for the year, after taxation, of £168,692 after receiving investment income of £402,496 and having paid administrative expenses of £233,804. The basic and diluted earnings per share was 0.7 pence. The Company had cash balances of £4,533,522 at the year end.The profit for the period includes a loss of £70,808 on the sale of 243,000 shares in Aurum Mining Plc as a result of the Company being deemed by The Panel on Takeovers and Mergers to be acting in concert with certain other shareholders in Aurum Mining Plc. These other members of the concert party have agreed, in due course, to transfer sufficient of their shares in Aurum Mining Plc to reinstate the position.The profit for the period also includes costs of approximately £17,000 associated with an abortive acquisition.Please see attached DOC for more information.pdf Click here to download. Results Document

2004

Ragusa Capital Prospectus
Published Monday 12th, July 2004.Article Category: ReportsSummaryThis document, which comprises a Prospectus and an admission document, has been drawn up in accordance with the Public Offers of Securities Regulations 1995 (the “POS Regulations”) and the AIM Rules.Article ContentThis document, which comprises a Prospectus and an admission document, has been drawn up in accordance with the Public Offers of Securities Regulations 1995 (the “POS Regulations”) and the AIM Rules.It has been issued in connection with the application for trading of the Ordinary Shares on AIM.A copy of this Prospectus has been delivered to the Registrar of Companies in England and Wales in accordance with Regulation 4(2) of the POS Regulations.pdf Click here to download. Prospectus