Americas Petrogas Inc. (“Americas Petrogas” or the “Company”) announces the Company, as operator, has completed a multi-stage frac program on its LTE.x-1 well on the Los Toldos II block, which the Company (45%) operates and shares with ExxonMobil (45%) and Gas y Petroleo del Neuquen (10%).
The multi-stage hydraulic frac involved five (5) stages and was completed in the Vaca Muerta shale formation of the LTE.x-1 well. The operations were carried out as per the predicted program. As earlier reported, the LTE.x-1 was drilled and cased to total depth of approximately 10,695 feet (3260 meters) earlier this year. It was also reported that the well intersected a continuous 1125 feet (343 metres) of the Vaca Muerta shale formation.
Americas Petrogas is now proceeding with the production test of the well. Barclay Hambrook, President and CEO, said, “This is a new and significant milestone in the history of our Company. We are very proud to have conducted these operations with high degree of knowledge and professionalism with our team of experienced and proven local E&P experts in Argentina. We congratulate our team and appreciate our partners for their support, trust and recognition. We also thank all of our world-class service providers, both international and local, for their quality work and support.”
