Andes Energia announced discoveries in the Chachahuen Block in Mendoza Province, Argentina. About 20 ft of net oil pay was discovered by exploration well Cerro Redondo x-1 in the Rayoso formation sandstone, and gas was found by exploration well La Orilla x-1 in the deeper horizon of the Lotena formation. Gas was also found by exploration well Remanso del Colorado x-1 in the deeper horizon of the Cuyo Group. The discoveries reaffirm “the large-scale potential of Chachahuen,” said company Chairman Nicolas Mallo Huergo. Andes Energia is developing the block in a joint venture with YPF and Energia Mendocina.
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