Comunicado sobre EXPLORACION en VACA MUERTA

Este es un comunicado de prensa emitido por AMERICAS PETROGAS sobre sus actividades en el Area Vaca Muerta. El comunicado esta fechado en Abril, después de la nacionalización de YPF. Americas Petrogras está asociada a Exxon Mobil y es una de las compañías que tiene más área concesionada en Neuquén. Como dice el comunicado, tienen un agresivo programa de perforación exploratoria para 2012-2013.
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Press Releases 2012

April 23, 2012 Americas Petrogas Commences Testing Vaca Muerta Shale at Huacalera Hua.x-1 well

Americas Petrogas Inc. (TSX VENTURE:BOE) ("Americas Petrogas" or the "Company") is aware of recent events in Argentina regarding the government and Repsol YPF SA. None of these events affect Americas Petrogas. The Company, in conjunction with its joint venture partners, is proceeding with its exploration, production and development plans for the next 12 to 18 months which include drilling approximately 30 conventional wells and 10 shale wells primarily targeting Vaca Muerta shale and other unconventional formations (shale oil, shale gas and liquids, and tight sands). The Company is pleased to announce it: Has commenced its drilling program at Medanito Sur subsequent to receiving the exploitation license from the La Pampa province, as reported on March 19, 2012; Is preparing to spud a Vaca Muerta shale well at Totoral, Yerba Buena, Bajada Colorada (90% working interest) with partner Gas y Petroleo del Neuquen. These contiguous blocks are located in the southwest region of the Neuquen Basin. Is preparing to drill, with joint venture partner, ExxonMobil, its second deep well on its Los Toldos blocks that primarily targets the Vaca Muerta formation and other formations; and Is expanding its crude oil facilities at Medanito Sur in order to be able to handle the expected additional crude oil to be produced from the current drilling program. Mr. Barclay Hambrook, President of Americas Petrogas, commented, "All of our blocks are in good standing with the applicable government authorities. With our recent financing, we are well-funded. Americas Petrogas is fully committed to enhancing shareholder value through exploration and production in Argentina. We intend to expand our exploration and development with the objectives of increasing production and increasing reserves in both our conventional and unconventional oil and gas blocks. Regarding Huacalera's shale well, as previously reported, testing is ongoing." About Americas Petrogas Inc. Americas Petrogas Inc. is a Canadian company whose shares trade on the TSX Venture Exchange under the symbol "BOE". Americas Petrogas has conventional and unconventional shale oil and gas and tight sands oil and gas interests in numerous blocks in the Neuquen Basin of Argentina. Americas Petrogas has joint venture partners, including ExxonMobil and Apache, on various blocks in the shale oil and gas corridor in the Neuquen Basin, Argentina. Americas Petrogas also owns an 80% interest in GrowMax Agri Corp., a private company involved in the exploration and potential development of a potash, phosphates and other minerals project in Peru. For more information about Americas Petrogas, please visit www.americaspetrogas.com