Crown Point Announces Results from Testing in Argentina’s Mendoza Province

Drilling Activity Details

Locations

Mendoza
Argentina

Post Date
Shore Type
Well Name
#1001D-SRM, #1002-SRM x
Geo Coordinate

Drilling Activity Summary

Description

Crown Point Energy has completed two exploration wells in the Cerro de Los Leones (CLL) exploration permit area in Mendoza Province, Argentina. The Calgary-based operator announced that the first of the wells, #1001D-SRM, was drilled to a true vertical depth of 1,333 m and was cased as a potential discovery after well log analysis indicated a potential 5-m, hydrocarbon-bearing zone in Agua de la Piedra (Middle Tertiary) at 1,021-26 m (true vertical). The well was drilled to intersect the crest of a structure, which lies beneath the Rio Malarga flood plain in the northern part of the CLL Block. The second well, #1002-SRM x, is about 1 km to the west of #1001D-SRM and is testing the Tertiary sandstones on an extension of the structure. It had a planned true vertical depth of 1,183 m.