Jagercor Energy Corp. announced an operational update of the Catriel Oeste Development Project. Since the first well started producing oil in October, 2014 until August 31, 2015, gross cumulative production of the three wells drilled in the Catriel Oeste field reached 33,256 barrels of crude oil, generating net proceeds estimated in CAD 1.63 million, which represents the 70% take that Jagercor received from the total sales of crude oil.

The actual price of crude oil in Argentina is USD 77 per barrel. The company has the option to drill up to five more wells in the concession. This decision will be based on the production volume evolution of the first three wells and the Catriel Oeste Concession being extended by Central.