On 13 August 2018, partner Echo Energy reported the conclusion of initial testing on the Estancia La Maggie x-1004 new pool wildcat well on the Santa Cruz I Fraccion C Block, Austral Basin. Dry gas was produced to surface and the well was suspended for further hydraulic stimulation. The well was drilled into the Lower Tobifera pyroclastic layer at 1,760m TD. In last May over 40m of gas shows were reported in the Upper Tobifera level with gas peaks of more than 195,500 ppm of C1-C5 hydrocarbons. 14.5m of net pay were identified within the section. It was spud on 8 May using the Petreven H-205 rig. The well is located 4km northeast of the Estancia la Maggie Field gas facilities. It ended drilling on 18 May and the mean gas initially in place was estimated to be 38 Bcfg. The Quintana-1 rig was used for completion but will be moved to the Santa Cruz I Fraccion D to complete and test the Canadon Seco 2001(d) well where the company announced a potential 30m net pay in the Upper Tobifera series. The company, is also calling for tenders for a planned 2,000 sq km 3D seismic survey to be acquired across Fraccion C, D and the Tapi Aike licenses. The survey is expected to start in the third or fourth quarter of 2018.
Echo Energy reported the conclusion of initial testing on the Estancia La Maggie x-1004 new pool wildcat well on the Santa Cruz I Fraccion C Block, Austral Basin. Dry gas was produced to surface and the well was suspended for further hydraulic stimulation. The well was drilled into the Lower Tobifera pyroclastic layer at 1,760m TD.