The well, which is 100%-owned and operated by the company, is expected to be drilled to a projected total depth of approximately 7,500ft.
The primary targets are the T1 and T2 sandstones of the Tubara Formation which are expected to be natural gas-bearing zones.
The company said that the well has been budgeted at a cost of about $10m, including the projected cost of a frac.
Calgary-based Petrolifera Petroleum is a crude oil, natural gas and natural gas liquids exploration, development and production company active in Argentina, Colombia and Peru.
