Andes Energia trading in line ahead of full-year results

Andes Energia produced 3,532 barrels of oil equivalent per day in April, it reported on Friday, broadly in line with March and February production at 3,567 and 3,538 barrels respectively.

The AIM-traded company’s production update said that at its Argentine licences in Chachahuen, Chañares Herrados, Puesto Pozo Cercado, Vega Grande, La Brea and El Manzano production was 2,388 barrels per day net.

In Colombia, average production at the Mana and Altair projects was 1,144 barrels of oil equivalent per day net to Interoil, in which Andes holds a 26% interest.

The group also warmed the market up for its 2015 annual results, which are expected to be released within a fortnight.

It said revenue, gross profit and EBITDA are in line with management expectations.