According to local reports in August 2018, Zeus Ol has taken over operatorship of the Cerro Cabrera block in mid-year after Teuco Mining SA lost the rights on the block due to unfulfilled commitments in April 2018. State company Petropar originally had first priority to take over the Prospection Permit block but declined on the opportunity.  Cerro Cabrera covers 4,869 sq km of land in the Chaco Basin. Zeus Ol is already the operator on the adjacent Boqueron Concession Law Contract block.  There is one well drilled in the block, Cerro Leon 1, which was drilled in 1977. The well was P&Aâd with minor gas shows in the same year.  Background Information   The MOPC officially granted a Prospection Permit to Teuco Mining for the Cerro Cabrera block in August 2016. The block was previously held for many years by Aurora Petroleos SA who had to relinquish the block in 2014.
According to local reports in August 2018, Zeus Ol has taken over operatorship of the Cerro Cabrera block in mid-year after Teuco Mining SA lost the rights on the block due to unfulfilled commitments in April 2018.