Phoenix Global Resources plc’s Development of Vaca Muerta


Perez Alati, Grondona, Benites & Arntsen advised on the transaction

The Government of the Mendoza Province issued its Unconventional Oil & Gas Regulations on 9 March 2018.

The new regulations pave the way for Phoenix Global Resources plc to accelerate the permitting process to complete our drilled but uncompleted wells in the Puesto Rojas licence area. These wells target both the Tight Agrio and Vaca Muerta formations. Phoenix applied for an unconventional licence for the Puesto Rojas area in 2017 and we look forward to this being granted in the near future.

The new regulations will also allow Phoenix to proceed with its unconventional exploration and development plans elsewhere in the Mendoza Province, which together with plans for the Puesto Rojas area, are important elements of the Company’s accelerated 2018 business plan. The responsible development of unconventional resources in Mendoza by Phoenix and others in the industry will bring further investment and job creation to the Province of Mendoza.

Phoenix Global Resources PLC operates as an exploration and production company. The Firm, led by Anuj Sharma, Philip Wolfe and Javier Vallesi, in 2017 recorded $67 Million Revenues.

Perez Alati, Grondona, Benites & Arntsen advised Phoenix Global Resources plc with Alan Arntsen (Picture), Francisco Romano y Vanina Veiga. Asociados Ignacio Payarola, Bárbara Santori y María Lourdes Arias.

Involved fees earner: Alan Arntsen – Pérez Alati, Grondona, Benites & Arntsen; Vanina Veiga – Pérez Alati, Grondona, Benites & Arntsen; Bárbara Santori – Pérez Alati, Grondona, Benites & Arntsen; Francisco Romano – Pérez Alati, Grondona, Benites & Arntsen; Ignacio Payarola – Pérez Alati, Grondona, Benites & Arntsen;

Law Firms: Pérez Alati, Grondona, Benites & Arntsen;

Clients: Phoenix Global Resources PLC;