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Pan Ameri Energy LLC (57UC)

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Wednesday 30 January, 2008

Pan Ameri Energy LLC

New Reserves

Pan American Energy LLC, Argentine Branch
                  Pan American Energy LLC, Argentine Branch, the second producer of hydrocarbons
in Argentina, hereby informs the investorsĀ“ community that as a consequence of
its exploration works in Cerro Dragon Area, in the south of Argentina, has found
new oil and gas reservoirs in the north and central regions of such Area in the
Province of Chubut. In total, the oil and gas reserves sum up to one hundred
million barrels of oil equivalent (100 mmboe).

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