Upstream Energy (Argentina)

Location Province of Salta, Argentina

Project Detail

High Luck Group Limited (“High Luck”), our Argentina wholly owned subsidiary, operates at the
Los Blancos Concession (formerly known as the Chirete Concession), covering a surface area of
approximately 897 km2 in the Province of Salta in Northern Argentina.

Los Blancos Field

Key performance indications for Los Blancos Field as of March 2023:

  • Average daily production: 1320 boepd (barrels of oil equivalent per day)
  • Oil Quality: Approximately API 37º, zero water content, free of sulphur and other
  • Oil continues to freely flow unaided under its own wellhead pressure

As of 31 December 2022, the estimated hydrocarbon volumes at the Los Blancos Field are as

Los Blancos
Daily Production (as of Mar 2023) 1,320 boepd
Participating Interest 50.00%
Gross 1P Reserves 1.3 mmboe