Area Drilling

ArgentinaPetrolifera Petroleum Ltd., private Calgary independent, logged an apparent discovery at the RN.PM.x-1002 drillsite on the Puesto Morales/Rinconada concession in the Neuquen basin.The well cut a 20-m net zone in the primary objective Upper Jurassic Sierras Blancas sand with porosity averaging 23%. Management believes this signifies an excellent prospective oil reservoir.It also found a new 6.5-m interval indicated to be gas bearing in the Lower Cretaceous Quintuco Zone 2 with porosity averaging 10% and as high as 14%. Quintuco Zone 9, which produces gas in an offset well, had an indicated 3 m of reservoir with average 13% porosity, better than porosity at the offset.Petrolifera p...

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