Central International Corp.
Central International Corp. has retained Scotia Waterous Inc. sell the Catriel Oeste block in Argentina's Neuquén Basin. The package includes 100% working interest in 11,000 acres 100 kilometers north of Neuquén in RÃo Negro Province in central Argentina. Assets include 110 producing wells, 50 injection wells and two saltwater disposal wells. Total proved reserves are 3.7 million barrels of oil (80% proved developed producing). Proved plus probable reserves are 9.8 million barrels. July production was 1,300 barrels of oil per day. June cash flow was $700,000. Production forecasts were achieved through a series of recompletions, infill drilling and waterflooding. The bid due date is Sept. 4. The effective date is July 1. Contact Randy Crath, 713-759-3433.