Americas Petrogas Edges Lower as Commences Exploration Drilling Program on Rinconada Norte

Americas Petrogas (BOE.V) edged lower after announcing the spudding of the first of 3 exploration wells on the Rinconada Norte Block. It said these wells will target conventional hydrocarbons in the Precuyo, which is the key producing formation in Medanito Sur, as well as other shallower targets. API is operator on the block and has a 65% Working Interest with partner Gran Tierra (35%).

The block is located immediately south of and adjoins Medanito Sur in La Pampa Province in the eastern region of the Neuquen Basin of Argentina. The planned well locations are on trend with current producing wells in Medanito Sur and adjacent blocks, and will test similar formations at similar depths.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

More Related Articles

Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.