According to local reports in October 2018, the subsidiary company of CAPSA, Capex, has reached a total depth (TD) of 3,600 m (11,811 ft) on its Loma de Maria 1002 outpost well on the Loma Negra block in September 2018. The well was spudded in August 2018 with objective in tight reservoir of Lajas Formation to appraise the Loma de Maria 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 99 Mbo and 16.5 Bscfg from Lajas and Punta Rosada formations since it was discovered in 1996.
Capex, has reached a total depth (TD) of 3,600 m (11,811 ft) on its Loma de Maria 1002 outpost well on the Loma Negra block in September 2018. The well was spudded in August 2018 with objective in tight reservoir of Lajas Formation to appraise the Loma de Maria 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 99 Mbo and 16.5 Bscfg from Lajas and Punta Rosada formations since it was discovered in 1996.