Attached files
file | filename |
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8-K - FORM 8-K - APCO OIL & GAS INTERNATIONAL INC | d494315d8k.htm |
EX-99.1 - EX-99.1 - APCO OIL & GAS INTERNATIONAL INC | d494315dex991.htm |
Exhibit 99.2
Apco 4th Quarter Operational Update 10th Consecutive Year of Production Growth
Argentina
2012 Neuquen basin development drilling completed on schedule with results in line with expectations Completed 3rd
VM well and have now established modest productivity from VM shale with three fracd vertically drilled wells
Horizontal drilling required to prove VM as a resource play
Environment in Argentina is currently not encouraging required sizeable investments for VM as a resource play
Currently prospecting for natural fractures in VM
Status of pending concession extensions TDF agreement executed in 2012, now awaiting legislative approval; Rio Negro province is expected by mid 2013
Colombia
Two consecutive discoveries in Llanos basin in Colombia
First discovery cumd 425 thousand bbls in 6 mos and is currently producing approx 1,350 BOPD gross. Field development drilling underway with 2nd discovery to be put on production in near future In Mid st
Mag basin, drilled 1 exploration well that logged interesting oil column, will test in 2013
Several more Llanos prospects to be drilled in 2013 and 2014
Neuquen Basin (Vaca Muerta Acreage)
Entre Lomas 96,000 net acres
Bajada del Palo 59,000 net acres
Agua Amarga 37,000 net acres
Coiron Amargo 45,000 net acres
Charco del Palenque 12,000 net acres Total 249,000 net acres
WPX 4th Quarter Operational Update Feb. 28, 2013 35