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Bullboard - Stock Discussion Forum Rodinia Oil Corp. V.ROZ

Energy Oil & Gas E&P

TSXV:ROZ - Post Discussion

Rodinia Oil Corp. > This is happening in Argentina
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Post by stockbaby on Jul 18, 2013 12:26am

This is happening in Argentina

BUENOS AIRES, July 16 | Tue Jul 16, 2013 5:41pm EDT

BUENOS AIRES, July 16 (Reuters) - U.S. oil company Chevron signed an agreement with Argentina's YPF on Tuesday to invest $1.24 billion in the Vaca Muerta shale oil and gas formation, thought to be one of the biggest reserves in the Western Hemisphere, according to a statement from YPF.

It is the first major investment announced in Argentina's petroleum sector since President Cristina Fernandez ordered the seizure of YPF from Spain's Repsol in 2012.

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