Resource stocks round-up: Andes Energia, Karelian, Petra

Latin American energy group Andes Energia is proposing to split itself in two, thereby creating two quoted companies, one focused on exploration and production activities and the other on electricity production.

Latin American energy group Andes Energia is proposing to split itself in two, thereby creating two quoted companies, one focused on exploration and production activities and the other on electricity production.

In an update on its exploration activities the company said it had succeeded in discovered oil and gas at new wells in its Mata More and Corralera blocks in Argentina's Neuqun basin.

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