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Area Drilling

06/18/2007
ArgentinaLa Pampa Province awarded the Gobernador Ayala III exploration concession in the Neuquen basin to Petro Andina Resources Inc., private Calgary firm.The 82,800-acre block, adjacent to the south boundary of company operated CNQ-7/A area, brings Petro Andina’s land position in the Centenario Trend to 285,000 net acres.Petro Andina signed an agreement with Argentina’s state Enarsa and another Argentina company under which Petro Andina is operator with 70% working interest and the other parties share the other 30%.Petro Andina mapped an extension of its El Corcobo Norte field onto GAIII and plans to drill as many as 10 appraisal and exploration wells on the new block in 20...
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