RE: CGC EGM Called12 Feb 2020 21:04
The Santa Cruz region
Interoil Exploration and Production has an 8.34 per cent participating interest in five mature producing exploitation concessions in the heart of the Argentinian Austral Basin. Selva Maria Oil is operator for the concessions until Interoil has been granted the operator licence from the Argentinian government.
These concessions consist of 12 oil and gas fields with significant production from Upper Jurassic Tobifera and Lower Cretaceous Springhill. The fields have a total of 83 wells, including 72 producers and 11 water injections.
The total operated production of these concessions amounts to around 3,000 boepd (25 % is oil) and 2P reserves to exceed 6 million barrels of oil equivalents (Mmboe), with significant exploration potential upside.