Argentina: President Energy announces drilling success at EV-1001 in the Estancia Vieja field, Rio Negro Province

Argentina: President Energy announces drilling success at EV-1001 in the Estancia Vieja field, Rio Negro Province
28 Apr 2021
AIM-listed
President Energy, the energy company with a diverse portfolio of production and exploration assets focused primarily in South America, has provided an operational update with regard to the newly drilled well
EV-1001 at the Estancia Vieja field, Rio Negro Province, Argentina
Highlights
New well EV-1001 drilled, logged and cased on time and budget
Electric and mud logs together with petrophysical review identify net gas pay as expected and support pre-drill projection of an initial production of 60,000 m3/d
The rig is now moving off location to the next well, EV-1002, also at the Estancia Vieja field, which move will take up to 4 days with spudding currently projected within approx. 7 days

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