Gulf Oil and Gas accountACCOUNT

Coiron Amargo Sur Este (CASE)

Oil Shale - Execution


Location  Neuquen Basin - Argentina
Scope  Coiron Amargo Sur Este is part of Coiron Amargo Sur block, located onshore Neuquen basin.

Madalena have the following work commitments at Coiron Amargo Sur Este:
(1) $5 million before November 8, 2017 to evaluate either the Vaca Muerta or tight gas commerciality;
(2) an additional $5 million, subject to the results in (1) above, before November 8, 2019.
Following Madalena will be eligible to enter into an exploitation (development) concession.
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