Cortadera

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Cortadera

CORTADERA: Exploration in Multiple Unconventional Horizons

• This block is located in the Neuquén Basin of Argentina


• MVN has a 37.8% W.I. (46,657 net acres); YPF/Yac. del Sur 47.2% (operator); GyP 15%


• CorS.X-1 deep, high pressure, test cased to 4,500 m for unconventional shale (Vaca Muerta) and tight sandstone gas plays


• Total S.A. & Wintershall developing Mulichinco liquids-rich tight sand play with horizontal multi-stage fracs to east

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Resources:

1. Quintuco + Vaca Muerta: 1097m thick⁽¹⁾

• Vaca Muerta : 520m thick⁽¹⁾
• Quintuco : 577m thick⁽¹⁾

2. Mulichinco tight sandstone: 206m thick⁽¹⁾

3. Lower Agrio tight sand / shale potential

Source: Ryder Scott May 2013 Company Presentation May 2014