UPDATE: Americas Petrogas "Successfully" Drills Another Shale Oil/Gas Well in Argentina, Yet Stocks Edge Lower

Americas Petrogas Inc. (BOE.V) announced that the Agua de Afuera unconventional, shale exploration well has reached total depth.

The well drilled through 340 meters or 1,115 feet of the primary target Vaca Muerta shale formation with oil and gas shows through most of this shale section. Hydrocarbon shows were also encountered in secondary targets such as the Agrio, Quintuco and Tordillo.

BOE edged lower by a cent to $2.81, trading near year low $1.36. Over 53,000 BOE shares have changed hands.

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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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