Overview
- Shareholders approved on Friday the cession of specific economic rights over Payún Oeste's non‑conventional resources to Unconventional Resources S.A., a financing vehicle owned by Vista Energy and Trafigura.
- URSA will finance all activities linked to the non‑conventional program so TanGo will not make direct disbursements or take on new repayment obligations for the shale work.
- TanGo will remain the operator of Payún Oeste, keep full rights over conventional development, and retain an economic stake in any future non‑conventional project.
- The company plans a small pilot of two to three wells in 2027 to test Vaca Muerta's Mendocinian potential, but final investment and any larger development depend on future technical, commercial and regulatory decisions.
- The structure was designed to bypass legacy debt tied to the Aconcagua acquisition that constrained TanGo's access to finance and could speed outside capital into Mendoza's roughly 550–600 km² of promising Vaca Muerta acreage if the pilot succeeds.