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Pan Ameri Energy LLC (57UC)

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Tuesday 29 May, 2007

Pan Ameri Energy LLC


Pan American Energy LLC, Argentine Branch
                  Pan American Energy LLC, Argentine Branch (PAE) informs that the Province of
Chubut, through the enactment of Law N° 5.616 dated May 24, 2007, approved the
'Acuerdo para la Implementación de un Compromiso de Inversiones en Areas
Hidrocarburiferas de la Provincia del Chubut' in relation to the concession
areas Anticlinal Grande - Cerro Dragón and Chulengo (for the relevant part
comprised in the territory of the Province of Chubut) and Cerro Tortuga - Las
Flores, and the exploration permits in the Area Centro Golfo San Jorge Marina,
entered into with PAE on April 27, 2007, the terms of which were previously
informed by PAE on May 18, 2007.

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