According to local reports in May 2018, the subsidiary company of CAPSA, Capex, has completed the Agua del Cajon 1034 outpost well with gas in March 2018 after it tested 2.49 MMscf/d and 50.3 bc/d between the interval of 2,374 to 2,422 m (7,787 to 7,946 ft) in the tight reservoir of Lower Bajocian to Upper Callovian Lajas Formation. The well is situated on the companyâs 100%-held Agua del Cajon block, with total depth (TD) of 2,500 m (8,202 ft) reached in February 2018 after it was spudded in late-January 2018.  Agua del Cajon block covers 353 sq km of land in the Huincul Uplift area of the Neuquen Basin.  The outpost well was drilled to appraise the Agua del Cajon field which has produced over 21 Bscfg and 8 MMbo since 1971, predominantly from the Lotena Formation sandstone. The field also produces from several unconventional reservoirs including Vaca Muerta and Quintuco shales and tight reservoirs of Los Molles and Lajas formations.  The Neuquen Province government granted a 35 year concession for unconventional hydrocarbons in the block to Capex in April 2017. The company reportedly plans to invest over USD 126 million in conducting a pilot project targeting gas from the Vaca Muerta Formation shale through 2021. The pilot project will include the drilling of 35 wells over four years, which can expand to 240 wells with total investment of over USD 1.5 billion, if results are positive.  Background Information    Capex has been the 100% operator on the Agua del Cajon block since January 1991, with the producing Agua del Cajon field on improved recovery since early-1999.
According to local reports in May 2018, the subsidiary company of CAPSA, Capex, has completed the Agua del Cajon 1034 outpost well with gas in March 2018 after it tested 2.49 MMscf/d and 50.3 bc/d between the interval of 2,374 to 2,422 m (7,787 to 7,946 ft) in the tight reservoir of Lower Bajocian to Upper Callovian Lajas Formation.