According to local reports in late-August 2019, the subsidiary company of CAPSA, Capex, has reached a total depth (TD) of 3,657 m (11,998 ft) on its Loma de Maria 1012 outpost well on the Loma Negra block in late-July 2019. The well was spudded in June 2019 with objective in tight reservoir of Lajas Formation to appraise the Loma de Maria oil and gas field.  Loma Negra block covers 280 sq km of land in the Neuquen Embayment part of Neuquen Basin. Capex operates the block with 37.5% equity, while state company YPF holds 35% interest, followed by International Finance Corp with 15% stake, and Metro Holdings with the remaining 12.5%.  Background Information  Loma de Maria field has produced over 155 Mbo and 19 Bscfg from Lajas and Punta Rosada formations as of early-2019 since it was discovered in 1996.
Capex, has reached a total depth (TD) of 3,657 m (11,998 ft) on its Loma de Maria 1012 outpost well on the Loma Negra block in late-July 2019. 