According to reports in late-November 2017, Oilstone Energia has signed an agreement to purchase the Cerro Bandera exploitation concession situated in the Neuquen Province from state company YPF for USD 14 million. The 249.70 sq km Cerro Bandera block is located on the Huincul Uplift area of the Neuquen Basin. Once the agreement is approved by the Neuquen Province government, YPF will assign 100% of the concession to Oilstone, who has been operating the block since May 2011 under a service contract for the state company. However, YPF will maintain its rights in the Vaca Muerta and Los Molles formations, as well as an option to perform exploration project in the northern region of the block. Expected completion date is 22 May 2018.
Argentina (Neuquen B.) (It's a petroleum rights. Please summarize by yourself). In IHS database: Cerro Bandera op. by OILSTONE E (0.0%, YPF 100.0%) to be check.