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Pan Ameri Energy LLC (57UC)

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Friday 13 July, 2007

Pan Ameri Energy LLC

Miscellaneous

Pan American Energy LLC, Argentine Branch
                  

Buenos Aires, July 13, 2007

On July 13, 2007, Pan American Energy LLC, Argentine Branch has entered into a
Loan Agreement with the International Finance Corporation for an amount of USD
550,000,000.

The Loan Agreement provides for the 'A' Loan and the 'B' Loan:

- The 'A' Loan is for an amount of USD 150,000,000 due April 2018; and

- The 'B' Loan has two tranches: tranche '1' for USD 158,500,000 due April 2014,
and tranche '2' for USD 241,500,000 due April 2015.

The Loan Agreement is guaranteed by Pan American Energy LLC and the proceeds
thereof shall be used to finance the investment program of Pan American Energy
LLC, Argentine Branch in relation to its oil & gas exploration and production
activities in the Cerro Dragón block in the Golfo San Jorge, in the Provinces of
Santa Cruz and Chubut, in the South of Argentina.
                                                                                                                     

a d v e r t i s e m e n t