04-21-2015, 10:32 AM
Corion Amargo
COIRON AMARGO: High-impact Development Potential in Unconventional Plays + Conventional Opportunities
- This block is located in the Neuquén Basin of Argentina
- MVN has a 35% W.I. (34,973 net acres); Roch 10% (operator); Apco 45%; GyP 10%
- Existing conventional oil production from the Sierras Blancas formation
- Significant upside potential in the unconventional Vaca Muerta shale formation
- Area fully covered by 3D seismic
- Drilling program includes multiple wells in 2015
- Positioned in the first sweet spot in the basin for shale activity with over 150 shale wells drilled over last 18 months on offsetting acreage; hundreds of additional wells being drilled
- Area moving to larger-scale exploitation & development
- Ryder Scott has assigned substantial contingent and prospective resources to the Vaca Muerta (see above)