Coiron Amargo

COIRON AMARGO: High-impact Development Potential in Unconventional Plays + Conventional Opportunities

  • This block is located in the Neuquén Basin of Argentina

  • MVN has a 35% W.I. (34,973 net acres); Roch 10% (operator); Apco 45%; GyP 10%

  • Existing conventional oil production from the Sierras Blancas formation

  • Significant upside potential in the unconventional Vaca Muerta shale formation

  • Area fully covered by 3D seismic

  • Drilling program includes multiple wells in 2015

  • Positioned in the first sweet spot in the basin for shale activity with over 150 shale wells drilled over last 18 months on offsetting acreage; hundreds of additional wells being drilled

  • Area moving to larger-scale exploitation & development