The Board of Andes is pleased to announce an update on the "Las Varillas x-1". The well, a multi-target unconventional and conventional exploration well, is located in the El Manzano West block in the Neuquén basin, South Mendoza Province, Argentina.

The Las Varillas x-1 well, the most northerly well to be drilled into the Vaca Muerta, was vertically drilled reaching a total depth of 7,851 feet (2,393 metres) and encountered 410 feet (125 metres) of gross pay in the unconventional Vaca Muerta formation, the primary target. The top of the Vaca Muerta formation was penetrated at a depth of approximately 7,290 feet (2,222 metres).

Tags: Andes Energia