Exploration/Development Briefs

07/16/2012
Argentina Madalena Ventures Inc., Calgary, has updated operating status on its Neuquen basin blocks in Argentina. Initial flow tests of the Sierras Blancas formation in the CAN-5 development well on the northern part of the Coiron Amargo block averaged 370 b/d of oil equivalent, 85% oil, mainly on a 5⁄16-in. choke over a 3.2-day period. The well will be tied into the gas flowline network completed in April 2012 and oil production trucked to a nearby sales point. The completion rig will move to test the CAN-7 development well on the CAN X-3 Sierras Blancas structure. CAN-7 is cased 10,390 ft total depth. It encountered the hydrocarbon-bearing Vaca Muerta shale formation and the conventiona...
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