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Americas Petrogas announces 41% increase in Medanito Sur proved plus probable net oil reserves


Published Sep 30, 2013
Americas Petrogas

Americas Petrogas Inc. announce the results of its updated assessment of its conventional oil and gas reserves on the Medanito Sur block located in Argentina's Neuquen Basin. After a successful conventional drilling program during the first half of 2013, Chapman Petroleum Engineering Ltd. (Chapman), was engaged to prepare an independent reserve report (Chapman Report) of the Company's conventional reserves in the Medanito Sur block. The Chapman Report was effective July 1, 2013 (as of June 30, 2013).

This conventional reserves update on the Medanito Sur block contained in the Chapman Report, is in addition to the evaluation of the Company's blocks with potential for unconventional resources, prepared by another independent engineering company (see the Company's news release dated August 22, 2013 announcing estimated recoverable resources of 8.3 billion barrels of oil equivalent).

Tags: Americas Petrogas




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