"Near the Coiron Amargo block, Madalena holds a 90% working interest in the Curamhuele block. The region could be the next hot area for shale exploration. As we mentioned, Chevron plans to drill four wells targeting the Vaca Muerta shale on its El Trapial block, which is directly adjacent to Madalena's Curamhuele block. Madalena also sees a lot of potential in the Lower Agrio formation, which is another shale play on the Curamhuele block. With the success of the Sierras Blancas wells and all the shale wells that are scheduled to be tested, we think Madalena could add a lot of value in 2014."
So far, [the Vaca Muerta shale] is the only play on earth that could be more oil-charged than the Bakken. Everyone is familiar with fracking. Usually companies will do 20 fracks in a well. In the Bakken, you might get 10 bbl per frack. In the Vaca Muerta, explorers are seeing as many as 50 bbl per frack. It is very highly oil-charged."