The Formosa Province authorities have assigned a 100% interest + operatorship to Madalena Energy in the Palmar Largo block, 1,382 sq km in the Noroeste Basin. Madalena has committed to USD 2 MM on 2 workovers in the next 2 years. Previous partnership was High Luck Group (op), CGC, YPF and Madalena.
Argentina, Palmar Largo