Something to Read https://www.forbes.com/sites/afontevecchia/2013/06/05/chevrons-argentine-shale-dream-supreme-court-decision-paves-way-for-ypf-deal-to-develop-vaca-muerta/?partner=yahootix
Chevron could very well be one of the "interested parties", as it states at the end, "Chevron, like its peers, is a firm accustomed to operating in high risk environments."
Regardless of who all is in the interested parties category, one thing to take not on about the Argentine Gov't, is that this issued is not the case in ol' Aussieland. If the oil prospects are about equal, in the sense of multiple billions of barrels of oil & eq, then the opportunity exists for a potential huge buy-out of PFC shares reaching into the multiple hundreds of millions..
Why wouldn't it? Just because technology is changing every other week in regards to fracking, the fluids used to frack, etc., then a cheap buy on this huge play makes sense. What would the land be worth once the oil starts flowing from each well at a rate of 2,000 or 20,000 boe a day?!
If I was in a seat of a huge oil producer, I wouldn't be sitting around waiting to see what happens here. I'd be going in and trying to nab as much land as possible. Then send in my own crews from around the world to do all the drilling, and progress from there.
C'mon, 14.1 million "oily Acres", do I have to re-post stuff from last year? haha