Project description:
This campaign is being carried out on behalf of KAREDA. In order to turn it into an explorer, we are selecting the highest probability of commercial success perimeters. The Neuquen basin, and its surrounding area constitute the main focus, for unconventional as well as conventional reservoirs. According to McKinsey&Co., the project breakeven price for Argentina is around 35$/bbl (for oil) and 1.6$/MMBTU (for gas).
Argentina is quickly becoming a major energy powerhouse. Export facilities do exist and are currently being enlarged.

We are also interested in exploration perimeters in Uruguay and Chile.

The objective is to have a confirmed discovery before bringing as financing party a large energy-focused PE fund, or a family office. The early-stage investors will have as options the possibility of continuing to the appraisal and development stage, or selling and cashing-in.

AMOUNT TO BE RAISED: 38 mil. USD (for exploration stage only)