Petrolifera Petroleum Limited has announced that the RN.PM a-1012 well on its 100 percent-owned Puesto Morales/Rinconada concession in the Neuquén Basin onshore Argentina is an indicated crude oil discovery.
During drilling, the 1012 well, which is located approximately one-half mile west of the 1002 discovery well, penetrated a thick continuous hydrocarbon-bearing Sierras Blancas zone similar to that encountered in the 1002 well. Based on log analysis, the zone exhibits excellent porosity and the well is scheduled to be cased and will be tested and completed for production during the next several days. The well also encountered several hydrocarbon-bearing zones in the Loma Montosa or Quintuco Formation which will be evaluated at a later date.
The drilling rig will now be moved to the RN.PM a-1013 location, situated approximately one-half mile east of the 1002 discovery well.
