Americas Petrogas (TSXV:BOE) updated on two blocks, Medanito Sur and Rinconada Norte,in the Neuquen Basin in Argentina.

As quoted in the press release:

Americas Petrogas has recently drilled, tested and completed two wells with favorable results:

1. Exploratory well RN.x-1008, in the Rinconada Norte block, tested 29 degree API light oil from three intervals (gross total of 18 meters) for a total of 408 barrels (65 cubic meters) of oil per day (bopd) with 10% water. The well has been equipped with a beam pumping unit and has recently been put into production. This well opens a large, new area for further appraisal and development.

Click here to read the Americas Petrogas (TSXV:BOE) press release.