Area Drilling

ArgentinaAntrim Energy Inc., Calgary, acquired 70% interest in the producing Medianera Block in Rio Negro Province in the Neuquen basin for $1.2 million.The 13,000-acre block produces 45-50 b/d of 38° gravity oil from five active wells. The block’s 86 wells have recovered 14.8 million bbl of oil from the Tordillo/Quintuco formations at 950-1,150 m. Antrim plans to acquire a block-wide 3D seismic survey in mid-2006 to image deeper zones that have never been drilled.ChinaPrimeline Energy Holdings Inc., London, sought to raise as much as $25 million to appraise the Lishui 36-1 (Vicky) gas-condensate discovery on Block 25/34 in the East China Sea.Two wells on the 7,006 sq km block f...

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