The development stages:Exploration drilling/2013-12.The La Paloma block covers an area of 2.41 square kilometers in the Neuquén conventional formation. According to a reserve report produced by Esexhi SRL, La Paloma shows P50 recoverable reserves of 0.67Mboe. Grecoil y Cia., a subsidiary of Andes Energía, was awarded a concession to explore and develop the block. The company has earmarked US$4.1mn for the repair of an existing well and the construction of a new well in 2016.