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Americas Petrogas receives extension on TYB Blocks


Published May 1, 2014
Americas Petrogas

Americas Petrogas announces that the exploration period for Americas Petrogas' Totoral, Yerba Buena, Bajada Colorada blocks (TYB blocks) (90% working interest) has been extended by two years to September 2015 by way of an official decree signed by the Neuquén Province in Argentina.

This extension provides Americas Petrogas with operational and financial flexibility to continue exploration and delineation work, including the remaining work commitments on the TYB blocks, which include drilling two shallow wells on the TYB blocks.

In conjunction with the extension of the exploration period, the Company has returned approximately 1,510 square kilometers of TYB lands to the government. After the return of lands, the Company now has approximately 3,048 square kilometers gross (753,150 acres or 1,177 sections gross) relating to the TYB blocks, on which the Company holds a 90% working interest.

Tags: Americas Petrogas




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