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Area Drilling

11/05/2007
ArgentinaTwo undrilled 5-km-long structural traps may contain a resource of 8.1 bcf of gas and 6.4 million bbl of oil on the 20 sq km Mina El Carmen block in the northern Golfo San Jorge basin 30 km north of Comodoro Rivadavia, a consulting geologist reported.Marifil Mines Ltd., Spokane, Wash., holds the block, adjacent to the Restinga Ali block held by others, on which 3D seismic and geologic models led to several oil discoveries in 2004-05.It plans to either sell the property or find an experienced oil and gas company as a joint-venture partner to develop the hydrocarbons. Drilling to test the main oil exploration targets will require holes of about 800 m depth at an estimated $400,000/...
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