2010-04-09-2010-03-02

Transaction Type
Sellers
Buyers
Announce Date
Post Date
Estimated Price
0MM
Description

To acquire 45% interest in Argentina's Neuquén Basin.

Apco Oil and Gas International Inc., Tulsa, Okla., (Nasdaq: APAGF) has acquired a 45% interest in the Coiron Amargo Block in Argentina's Neuquén Basin from Madalena Ventures Inc., Calgary, (Toronto Venture: MVN) and Buenos Aires-based Roch SA in exchange for drilling commitments.

Under the agreement, Apco will complete a two-stage, four-well drilling program on the 100,000-acre (gross) Coiron Amargo Block during 2010 and 2011.

Gas y Petroleo de Neuquén SA, a participant in the Coiron Amargo joint venture, has approved the transaction.

Apco, a 69%-owned subsidiary of The Williams Cos. Inc., Tulsa, Okla. (NYSE: WMB) has assets in the Entre Lomas, Bajada del Palo and Agua Amarga areas of Argentina.