Americas Petrogas Inc is a Canadian-based exploration and oil production company focused in Argentina's Neuquén Basin where it is one of the largest land owners, with 960,000 net acres spread over 12 large blocks of which 9 blocks are located in the Vaca Muerta shale corridors. Recently, Ryder Scott Company petroleum engineers assessed the Company with 7.6 Billion BOE P50 Best Case Unrisked Prospective (Recoverable) Shale Resources (Lower Agrio, Vaca Muerta, Los Molles). Americas Petrogas was sought out by ExxonMobil and others, to partner on its shale blocks. Subsequently, Americas Petrogas entered into a joint venture with ExxonMobil on 4 of its 9 shale blocks with Americas Petrogas retaining Operatorship. Together the partners have announced 3 successful Vaca Muerta discoveries.
Subsidiary GrowMax Agri Corp is exploring and developing a large phosphate and potash and carnallite fertilizer project in Northern Peru's Sechura Desert adjacent to Vale's Bayovar surface phosphate mine. Vale's partners in this venture include Mitsui and Mosaic.