Argentina: Medanito Sur exploitation license issued

March 19, 2012
Argentina’s La Pampa province has granted Americas Petrogas Inc., Calgary, an exploitation license on the Medanito Sur concession in the eastern Neuquen basin.

Argentina’s La Pampa province has granted Americas Petrogas Inc., Calgary, an exploitation license on the Medanito Sur concession in the eastern Neuquen basin.

The company noted that the 26,000-acre concession is in the part of the basin that contains conventional oil and gas and that the 25-year license provides the opportunity for further development on the block.