The Board of Andes, a Latin American E&P group, is pleased to announce that the JV of Andes and YPF S.A. (YPF) has drilled and cased the vertical exploration well YPF.MdN-MdV.x-1.

Highlights:

■ The well YPF.MdN-MdV.x-1. has been successfully drilled and cased to a depth of 1,740 metres (5,708 feet ) ■ Primary Target : Neuquén Group formation

Manzano West block

The Manzano West block covers 92,350 acres (373 km²) and is located in the north western part of the Neuquén basin in west-central Argentina.

AEN holds a 100% interest in the Agrio formation and 40% in the other formations. As part of the farm-out agreement with YPF, the well was spudded on 11 May 2013, with the main aim of appraising the potential of the Neuquén Group.

Drilling operations were conducted by YPF and several oil shows were detected in the lower Neuquén formations.

Tags: Andes Energia