SAHF Oil and Gas Exploration
SAHF’s primary focus was to make investments and divestments on behalf of Delta in Argentina. SAHF explored investments in oil and gas projects throughout Argentina during 2013-2015, but none were deemed viable.
The properties currently held by SAHF are Tartagal Oriental, Morillo, and Valle de Lerma. SAHF is in the process of selling the Tartagal Oriental and Morillo properties, but it is uncertain of when and how the transaction will close.
SAHF is not owned by Delta anymore, but as the sale of Tartagal Oriental and Morillo closes, Delta will receive 75% of the revenues generated by the transaction (including royalties on the production of the properties).
- – Tartagal & Morillo (Oil and Gas)
- – Valle de Lerma (Oil)
- – Guayatayoc (K-Li-B)
Table 1: Oil and Gas Blocks with Delta Participation
|Block||Province||Status||Delta %||Reserves||Operator Value (MMUS$)||Partner(s)||Investment|
|Tartagal Oriental||Salta||Drilling in 2017||18% CO||2.3MMm3||1,500||High Luck, Maxi||70MM|
|Morillo||Salta||Seismic||18% CO||1.4MMm3||1,500||High Luck, Maxi||70MM|