POST-EVENT SUMMARY

Key Findings...

• The consensus drawn from data throughout the congress has indicated that the Vaca Muerta shale has properties more conducive to production than the principle productive shales in the USA. This hydrocarbon potential is greatly increased by the thickness of the source rock.

• The incredibly high density of the Vaca Muerta means that horizontal wells may not be the preferable option and the industry may turn to completed vertical wells to ensure ultimate deliverability is achieved.

• The challenges in water supply, handling and disposal need to be examined as a matter or urgency and a careful strategy needs to be implemented to manage the large volumes of water required.

• Rapid developments in drilling and completions technologies are increasingly critical in enabling the advancement of the play and necessary to attract sufficient investment for industry growth.

• The government must ensure that the commercial conditions are in place to effectively manage and support the next shale boom by ensuring that long-term contracts are issued to encourage service companies to invest in building midstream infrastructure, provide security that unconventional projects will prosper in the long-term and that companies will have sufficient returns on their investments.  

• Provincial and national governments must also work with the E&P operators to ensure that a reliable investment environment is created. E&P operators must ensure that long-term shale gas and tight oil investments are actively encouraged to match the governmental program incentives and enable the Argentinian economy to develop. 

• These elements coupled with the results obtained from unconventional exploration to date confirms findings in the EIA and other independent reports that suggest that Argentina has the potential to repeat the US Shale Gas & Oil experience.

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TESTIMONIALS - JAN 2012

Attendee feedback....

"The conference was terrific on many levels, including technical and business content, organization, and networking opportunities."

Harris Cander Manager, Unconventional Reservoirs and Fluids, BP

"I think the Congress has been a great event and I was honored been invited to participate in it."

Luis Stinco, VP Explorations and Asset Development, Sinopec Argentina

"It was a pleasure to meet you and to be part of this successful event."

Lali Ronchelli, FACILITIES SUPERVISOR, NALCO

"You certainly deserved the praise you received for organizing proceedings. You did a great job."

Joseph W Gallagher PhD, Principal Geophysicist Exploration, Global New Ventures Unconventional Hydrocarbons, Statoil ASA

"Thanks to a good mix of presenters, many of who were willing to share good information, and with an good eye for what matters, it turned out to be a very informative conference, and very well organized."

Cam Taylor, President and CEO, Villanova Oil Corp.

"For us this was a great success."

Grafton Withers, Vice President Marketing and Sales, NXT Energy Solutions Inc.

"You did a great job and I am sure have had a lot of feedback in this regard."

Dwayne Warkentin, President and CEO, Madalena Ventures Inc

"I was impressed with the significant turnout and I thought the conference went very well."

Tim Chatten, Manager of Engineering, Miramar Hydrocarbons

"Congratulations for the professional organization of the event and the excellent outcome of it."

Pablo Erias, Gerencia Comercial, TGN