Brownstone Provides Argentina Drilling Update

Source: www.gulfoilandgas.com 5/31/2010, Location: South America

Brownstone Ventures Inc has been advised by the operator, Petrolifera Petroleum Limited, and provides the following update on its Vaca Mahuida license, situated southeast of Puesto Morales.

Petrolifera, as the operator and owner of a 25% carried interest, advises that a total of five wells have recently been drilled. All five wells have encountered hydrocarbons in one or more of the Centenario, Loma Montosa, Sierras Blancas, Punta Rosada and Pre-Cuyo Formations. This has confirmed both hydrocarbon migration and trapping in the Vaca Mahuida License. Test results to date for these wells are as follows:

- VM.x-2014 well - completed as a natural gas well; tested approximately 1.0 MMcf/d dry gas from the Centenario;

- Los Fenicios - LFe.x-1 well - tested 80 bbl/d of crude oil and 1.5 MMcf/d of dry gas from the Centenario - with the Sierras Blancas to be further evaluated at a later date;

- Los Griegos - LG.x-1 well - tested 1.45 MMcf/d dry gas from the Centenario, 2.2 MMcf/d dry gas from the Loma Montosa; 1.5 MMcf/d dry gas from the Sierras Blancas;

- Pampas - Pa.x-1 well - to be evaluated by testing; and

- Yaganes - Ya.x-1 well - recently reached TD with numerous shows to be evaluated.

The full impact of the program and the follow up drilling opportunities will be evaluated and assessed once all testing is completed. Brownstone has been advised that Petrolifera is optimistic about the possibility of a multi-well follow-up drilling program on certain of these plays and on the possibility of securing "Gas Plus" pricing for much of the new natural gas to be produced from the discoveries.

The 253,000 acre (approximately 1,025 square kilometers) Vaca Mahuida Block is in the province of Rio Negro, Argentina, where Brownstone is incurring 50% of the costs of the Vaca Mahuida project to earn a 25% working interest.


Germany >>  8/18/2022 - Neptune Energy announced drilling has begun on a new production well at its operated Romerberg oil field in the Rhine Valley, south-western Germany....
United States >>  8/18/2022 - An oil exploration and production firm called Laredo Oil, Inc. (LRDC) ("Laredo Oil") announced that its wholly owned subsidiary, Lustre Oil Company, L...

Norway >>  8/15/2022 - The Norwegian Petroleum Directorate (NPD) has granted PGNiG Norway Upstream AS drilling permit for well 6608/1-1 S, cf. Section 13 of the Resource Man...
Norway >>  8/12/2022 - Aker BP ASA, operator of production licence 941, has concluded the drilling of wildcat well 6507/3-15.

The well was drilled about 14 km nor...


Australia >>  8/9/2022 - Central Petroleum Limited (“Central”) advises that as at 0600 hrs ACST on 8 August 2022, the Palm Valley 12 (PV12) well in OL3, Southwest of Alice Spr...
Norway >>  8/9/2022 - The Petroleum Safety Authority Norway has given Equinor consent for exploration drilling in block 6507/8 in the Norwegian Sea.

Operator: E...


Related Categories: Artificial Lift  Cementing, Stimulation  Directional Drilling  Drilling  Drilling Engineering & Equipment Systems  Enhanced Oil Recovery  General  Logging, Perforating, Testing  Offshore Drilling  Reservoir/Completion Consultants  Workover & Well Services  Workover Rigs/Services 

Related Articles: Artificial Lift  Cementing, Stimulation  Directional Drilling  Drilling  Drilling Engineering & Equipment Systems  Enhanced Oil Recovery  General  Logging, Perforating, Testing  Offshore Drilling  Reservoir/Completion Consultants  Workover & Well Services  Workover Rigs/Services 


Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.