Americas Petrogas Inc.
TSX VENTURE : BOE

Americas Petrogas Inc.

September 17, 2009 15:51 ET

Americas Petrogas Commences Drilling of 4th Well on Medanito Sur

CALGARY, ALBERTA--(Marketwire - Sept. 17, 2009) -

Americas Petrogas Inc. (TSX VENTURE:BOE) is pleased to announce that its subsidiary, Americas Petrogas Argentina, has commenced drilling the 4th exploration well on its Medanito Sur block in the Neuquen Basin of Argentina. This is the follow up to the successful drilling program from 2008 when all three exploration wells discovered light (32 to 34 degree API) sweet crude oil at depths ranging from 996 to 1419 metres. This 4th exploration well is expected to reach total depth within the next few weeks.

The Company is continuing with the installation of production and gathering facilities on its Medanito Sur concession. These facilities are expected to be completed by October 2009.

Certain statements in this Press Release constitute forward-looking statements under applicable securities legislation. Such forward-looking statements involve risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. This forward-looking information is subject to known and unknown risks and uncertainties and other factors, which may cause actual results, levels and timing of activity and achievements to differ materially from those expressed or implied by such information.

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