Americas Petrogas Inc.
TSX VENTURE : BOE

Americas Petrogas Inc.

October 01, 2009 09:16 ET

Americas Petrogas Completes Drilling and Casing of 4th Well at Medanito Sur

CALGARY, ALBERTA--(Marketwire - Oct. 1, 2009) -

Americas Petrogas Inc. (TSX VENTURE:BOE) is pleased to announce its wholly owned subsidiary, Americas Petrogas Argentina S.A., has completed the drilling of its 4th exploration well on its Medanito Sur block in Argentina.

The well El Calden XS-4 was drilled to explore for hydrocarbons principally in the Base Centenario formation and was drilled to total depth of 1060 meters. The well also penetrated the Loma Montosa and Pre-Cuyano formations. After logging, the well was cased and cemented and is currently under evaluation for future testing and completion. The XS-4 well is located approximately .4 km from the discovery well El Calden X-1 which, as previously reported, was drilled to 996 meters and flowed 491 bopd from an 8 meter zone and 57 bopd from a second 8 meter zone.

Americas Petrogas Argentina S.A. is the operator of the block. Other partners are ENARSA (the Argentine State Company), and Raiser.

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.

Mr. Guimar Vaca Coca, Managing Director in Argentina, was quoted as saying: "We are very pleased with the drilling and logging of this well and look forward to its further evaluation."

About Americas Petrogas Inc.

Americas Petrogas is a Canadian company whose shares trade on the TSX Venture Exchange under the symbol "BOE". The Company has oil and gas exploration and development activities in Argentina and, in Peru the Company, through its wholly owned subsidiary, Americas Potash Peru SA, is developing a surface potash brine reservoir and evaporite deposit at Bayovar in the Sechura Desert in Northwest Peru.

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.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE RELEASE.

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