Phoenix Global subsidiary Petrolera El Trebol (PETSA) started in September 2018 a Vaca Muerta drilling program with the Mata Mora x-1001(h) horizontal deeper pool wildcat in the northwestern corner of the Mata Mora license, Neuquen Basin. The well tested at an average rate of 152 bo/d during 21 days in October. It was spud in late September and completed in mid October with 5,290m PTD/MD. The previous operator, YPF, spud the Mata Mora x-1 NFW in 2011 which discovered oil and gas also from Vaca Muerta and the Mata Mora Oeste x-1 appraisal which also tested oil and gas from the same formation. Phoenix Global Resources on 19 September 2018, signed a deal with Integra Oil & Gas (IOG) to pay a total of US$ 21.62 million by October 2018, for waiving its rights to participate in the 220 sq km Mata Mora, 117.9 sq km Corralera Sur and 105.5 sq km Corralera Noreste blocks. In April 2018 Phoenix obtained a 90% interest and operatorship on both contracts. Phoenix committed to spud two horizontal wells to the Vaca Muerta in the block. PETSA was also awarded four blocks with unconventional potential in the GyP "Neuquen Exploratory Plan" bid round. <P /><P />
Argentina, Mata Mora