The CAN-8 development well is on the northern part of the Coiron Amargo block, in which Madalena has a 35% stake.
The probe was cased to a depth of 10,433 feet and came across a 340-foot interval in the Vaca Muerta target and an additional 98-foot gross hydrocarbon column in the conventional Sierras Blancas formation.
The well is expected to be flow-tested and, if successful, placed on production in the first quarter of 2013 through a tie-in with the company's existing CAN-7 oil producer.
Testing
