Valle Morado

VALLE MORADO: Significant Structure - Confirmed Gas

  • This block is located in the Northwest Basin of Argentina

  • MVN is the operator with 96.6% W.I. (45,828 net acres); Hinton 3.4%

  • This exploitation concession expires in 2034 with no outstanding work commitments remaining

  • VM-1001(ST) well was drilled in 1997 and has produced from three different horizons at rates up to 30 MMcf/d in the period August 1999 until July 2001

  • Significant seismically defined structure supported by historical gas production

  • Gas treatment plant and infrastructure currently in place to handle 35 MMcf/d and can be expanded to meet production needs

  • Approved Gas Pus Program (price up to $7.50 USD/Mmbtu)

  • Large gas development project with unbooked upside