The Board of Andes, a Latin American E&P group, is pleased to announce that the JV of Andes and YPF S.A. ("YPF") has drilled and cased the vertical exploration well YPF.MdN-MdV.x-1.
Manzano West block
The Manzano West block covers 92,350 acres (373 km2) and is located in the north western part of the Neuquen basin in west-central Argentina.
AEN holds a 100% interest in the Agrio formation and 40% in the other formations. As part of the farm-out agreement with YPF, the well was spudded on 11 May 2013, with the main aim of appraising the potential of the Neuquen Group.
Drilling operations were conducted by YPF and several oil shows were detected in the lower Neuquen formations.
The well is waiting for the availability of a completion rig to undertake well testing.
