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Americas Petrogas Spuds Second Vaca Muerta Shale Well on Los Toldos in Neuquen Basin, Argentina; Shares Rise 12.7%

Americas Petrogas (BOE.V) has begun drilling on the Aguada Los Loros x-1 (ALL.x-1) unconventional, shale exploration well on the Los Toldos I block (98,300 gross acres or 398 square kilometers or 154 sections) located in the Neuquen Basin of Argentina. This is the second well within the farmout agreement between Americas Petrogas and ExxonMobil Exploration Argentina announced in 2011 and the fourth shale oil and gas well on the Company's assets in the Neuquen Basin.

Americas Petrogas is the Operator holding a 45% working interest in the Los Toldos blocks; ExxonMobil also holds a 45% working interest, with the remaining 10% held by Gas y Petroleo del Neuquen.

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

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