Eastern Neuquen Basin Test Results Announced By President Energy

Drilling Activity Details

Locations

Argentina

Post Date
Shore Type
Well Name
#1001-PFE
Geo Coordinate

Drilling Activity Summary

Description

President Energy has completed and tested #1001-PFE at its Puesto Flores/Estancia Vieja prospect in Rio Negro Province, Argentina. The eastern Neuquen Basin well was targeting secondary Pre Cuyo and primary Punta Rosada and it was tested flowing approximately 400 bbl per day from Punta Rosada with little water and good downhole pressure. A third well in the field is underway at a development venture, #1007-PFO. President, based in Leeds, U.K., is the operator of the Puesto Flores/Estancia Vieja Concession and #1001-PFE and #1005-PFO wells with 90% interest in partnership with Empresa de Desarrollo Hidrocarburifero Provincal (10%).