Americas Petrogas:4th Consecutive Oil Discovery in Medanito Sur

Americas Petrogas Inc. (TSX·VENTURE:BOE) reported that its wholly owned subsidiary, Americas Petrogas Argentina S.A., has tested and completed the well El Calden XS-4.

The press release is quoted as saying:

The well discovered light sweet crude oil (34 degree API) in the Pre-Cuyano formation, confirming the discovery made by the El Calden X-1 well. The well EC XS-4 has tested 220 bopd by natural flow on a 10 mm choke and will be put into production during the next couple of weeks for a long term production test. The well also tested the Centenario shallow formations and discovered some oil and gas with water but this particular formation is not considered of commercial interest in this well. However the presence of hydrocarbons in the shallow Centenario formation is very encouraging for future exploration activities in the area.

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