CALGARY, Feb. 13, 2012 /CNW/ - Madalena Ventures Inc. and its wholly owned subsidiary Madalena Austral SA ("Madalena" or the "Company"), is pleased to provide an update on its operations in Argentina.
On the Coiron Amargo Block, the Company has commenced production testing the CAS X-1 vertical exploration well from the Vaca Muerta formation. Over a 48 hour period, the well flowed 314 barrels of oil per day of 32 - 33 degree API light crude oil on a restricted 2 mm (1/12 inch) choke at flowing pressures of 2,500 psi and above. The choke setting, restricted during the initial stages of flowback, will be increased as the Company continues to flow test the well. A large three stage hydraulic fracture stimulation of the Vaca Muerta formation was completed as programmed in January 2012 utilizing over 1 million pounds of high strength sintered bauxite. The fracture stimulation is the first independent frac of the Vaca Muerta shale to be undertaken on land adjacent to the Loma La Lata field where YPF SA previously announced a major oil discovery1 in the Vaca Muerta formation.
Luku näyttää aika lailla odotuksien mukaisilta(YPF:n kaivojen seudulla) ja hyvältä.
Vaca Loca sannoo muu!
