Argentina: Drilling set on San Jorge concession

By OGJ editors
HOUSTON, Jan. 31
– Crown Point Ventures Ltd., Calgary, has closed a two-part transaction in which it acquired from undisclosed parties 100% interest in an exploitation concession in Argentina’s northwestern Golfo San Jorge basin and 25% interest in an exploration concession in the Neuquen basin.

It acquired 100% interest in the 25.57 sq km Canadon Ramirez concession. Included is a recent 190 sq km 3D seismic survey that has been used to map a potential extension of Mata Magallanes Oeste field onto Canadon Ramirez and to define a new pool prospect. Crown Point plans to reenter or drill one to two wells in 2011.

Crown Point also acquired 25% interest in the 975 sq km Laguna de Piedra exploration concession in Neuquen.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...