GeoPark completed as an oil discovery the Aguada Baguales Sur 1 new-field wildcat (NFW) in the Centenario and Lotena formations on its 100%-held Aguada Baguales block in October 2019.     The      NFW tested 7 bo/d with no gas reported and 18 bw/d. In January 2020 the      well produced 4 bo/d and 2.5 bw/d. There is no report as to any      stimulation procedure conducted on the well.   The      well reached a total depth (TD) of 1,475 m in August 2019 after it was      spudded in mid-2019.      GeoPark completed the acquisition of 100% working interest and operatorship in the Aguada Baguales production concession, along with the El Porvenir and Puesto Touquet blocks from Pluspetrol in March 2018 for USD 52 million. Along with several producing fields, the assets were also said to represent exploration and development opportunities to increase production as well additional potential in unconventional plays in the basin. The Aguada Baguales covers 178 sq km on the Huincul Uplift portion of the Neuquen Basin.  The Aguada Baguales block is situated adjacent to state company YPFâs Loma La Lata-Sierra Barrosa block where Vaca Muerta Formation shale is currently being targeted and Lajas Formation tight gas is already being developed.  Background Information  Aguada Baguales field has produced over 24 MMbo and 17 Bscfg from multiple reservoirs since it was put on-stream in 1963. The field has been on improved recovery since 1993.
Argentina (Huincul Uplift (Neuquen B.)) Puesto Touquet