Americas Petrogas Announces Updates on Argentinian Oil and Gas Properties

Americas Petrogas Inc. (TSXV:BOE) announced third quarter results and updates on its investment plan on its oil and gas properties in Argentina.

As quoted in the press release:

We are continuing with our plans to drill unconventional wells (tight sands and shales), which primarily target the Vaca Muerta along with other conventional zones of interest, on our 90%-owned Totoral, Yerba Buena and Bajada Colorada blocks as well as our Los Toldos blocks with our joint venture partner, ExxonMobil, Huacalera block and Loma Ranqueles block.

Americas Petrogas’ President and Chief Executive Officer, Barclay Hambrook, said:

The Company is well positioned to increase production, enhance reserves, and deliver solid growth from its large asset portfolio of conventional and unconventional (tight oil, gas and condensate sands, shale oil and shale gas) lands through an aggressive drilling program during 2012 and into 2013.

To view the whole press release, click here.