Americas Petrogas reported that a new daily production record of 2,830 bopd (or 450 cubic meters per day) was achieved on July 19, 2012 at Medanito Sur and Rinconada Norte.
This oil production record is the result of the Company's ongoing drilling program in Medanito Sur. After receiving its 25-year exploitation licence in March 2012 on Medanito Sur, Americas Petrogas intensified its drilling program.
This drilling program has been very successful given the wells are both exploration and appraisal in different plays on the block. The Company's high rate of exploration success is confirming expectations of very good potential for this area of the Neuquen Basin.