YPF finds more shale reserves, describes strategy

 
By MICHAEL WARREN | Published: August 31, 2012   

Argentina's state-controlled YPF energy company announced on Thursday the discovery of a new reserve of shale gas and oil that could help make the South American country an energy exporter in the years ahead.

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“We have for the first time perforated a new `mother rock' in Argentina,” YPF CEO Miguel Galuccio said.

He said the new reserve, located in the provinces of Chubut and Santa Cruz near...
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