Argentina

Summary of Approach:

Maximize cash flow and reserves from relatively mature properties. Existing crude oil and natural gas production is from the Puesto Morales Norte Field.

Government/Industry Relations:

Price controls currently in place by Argentinean government limit exploration and reserve and production growth in the country.

Petrolifera Properties:

Refer to Forward Looking Information disclaimer.

Geological Basins where active:

Neuquén Basin

Petrolifera Acreage:

289,727 net acres of rights

Number of wells drilled by Petrolifera:

50+ wells through 2009

Year Activities Began:

2004

Official Language:

Spanish

Population:

40,134,425

Government:

Federal Presidential Republic

Country Capital:

Buenos Aires

Flag:

Argentina Flag
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