Exploration/Development Briefs

ArgentinaMadalena Ventures Inc., Calgary, said its Argentina subsidiary is drilling to test numerous formations on its various blocks in the Neuquen basin in Argentina. The Yapai X-1001 well on the Curamhuele block went to 10,743 ft measured total depth, 10,478 ft true vertical depth, and penetrated the Cretaceous Lower Troncoso and Avile formations. Logs indicate a potential gross hydrocarbon column of 23 ft in Lower Troncoso at 4,394 ft TVD and multiple stacked Avile formations from 6,530 ft to 10,360 ft TVD.Madalena Austral SA will set 7-in. casing to TD and test several Avile sands and the Lower Troncoso formation in this year's third quarter. Two earlier wells, Curamhuele X-1 an...

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