Capex still testing RN-X-1001 well in Rio Negro - Argentina

Argentine oil firm Capex is continuing to test its RN-X-1001 well on the Loma de Kauffmann concession in Rio Negro province despite local press reports stating that production had begun.
"We are exploring the well and testing it, but it is not yet operational. That is incorrect information that we didn't release," a company spokesperson told BNamericas.
Earlier this week, local press in Argentina reported that the RN-X-1001 well had tested positively for oil and that the firm was set to begin production.
The news followed information released by the government of Rio Negro province stating that production rates of 50m3/d of crude oil had been produced by the firm.
"We still do not have any information about the potential of the well. The information we have so far is not accurate," the spokesperson said."The province is making a lot of fuss out of this."
Capex reported natural gas discoveries on the Loma de Kauffman block in June 2008. However, RN-X-1001, which is the seventh well drilled on the block, would be the first oil discovery.
Meanwhile, the government of Rio Negro province announced that over US$20mn has been invested in hydrocarbons E&P work in 2010.
The government expects a further 14 wells to be drilled across six licenses in the province over the rest of the year. The wells will be drilled by firms including Capex, CGC, Petrolera Entre Lomas and Petrolifera, the provincial government said in a statement.
By James Fowler