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Msg  602 of 611  at  11/20/2009 10:13:35 AM  by

JWMCLEAN


 In response to msg 601 by  trying2win
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Re: argentaoilandgas hits gas

Argenta Tests Gas with Light Condensate in Covunco Block

November 19, 2009



TORONTO, ONTARIO--(Marketwire - Nov. 19, 2009) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

Argenta Oil & Gas Inc. ("Argenta") (TSX VENTURE:AZA) is pleased to announce that it has started a long term production test in well OA x-1, Covunco block, Neuquen basin, Argentina. Early results indicate a reservoir with gas and light condensate with stabilized rates of 706.6 mscfpd at a pressure of 350 psi on an 8 mm choke and 16 bpd of condensate. The gas is flowing from perforations between 6,220 and 6,306 feet in the Tordillo Formation. Well OA x-1 was initially drilled by YPF in the 1980's and then stimulated by Alberta Energy in the 1990's, but was never put on production.

Testing activity will continue for several days to determine whether the Company should proceed with re-stimulating the reservoir with state of the art technology and to estimate the recoverable reserves through the interpretation of the newly acquired flow and pressure data.

Testing activity will continue for several days to determine whether the Company should proceed with re-stimulating the reservoir with state of the art technology and to estimate the recoverable reserves through the interpretation of the newly acquired flow and pressure data.

Argenta Oil & Gas is a Canadian energy resource company with oil and gas assets in the Neuquen Basin of Argentina and in Colombia'sLower Magdalena Basin. Argenta owns and operates all of its assets. The Company is focusing on low risk development for growth and is currently pursuing a number of opportunities. For further information on Argenta Oil & Gas, please visit the Company's website at www.argentaoilandgas.com.




http://www.argentaoilandgas.com/InvestorInfo/News/NewsDetail/2009/ArgentaTestsGaswithLightCondensateinCovuncoBlock1121269/default.aspx




atb
JW



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604 Re: argentaoilandgas Trayectoriaoilandgas JWMCLEAN 1 11/26/2009 9:29:39 AM






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