04-21-2015, 10:42 AM
- Coiron Amargo Norte is a 25 year exploitation concession (until 2038) with no work commitments
- Coiron Amargo Sur is an exploration concession, 3 year evaluation phase until November 8, 2017 with a US$17.5M work commitment
- Six light oil pools on Sierras Blancas (conventional)
- Three of the six have been tested with horizontal wells and had impressive flow rates (unstimulated)
- The CAN-16 horizontal well has been tied into production facilities and is in production (567Boe/d, 198Boe/d net)
- Two or three additional horizontal wells will be drilled here in 2015
- Late 2014 drilled the CAS.x-16 VM well in Vaca Muerta with fracture stimulation and production testing expected soon
- Towards the end of 2015 the first horizontal multi stage frac well in Vaca Muerta will proceed.