Pan American Energy LLC

Pan American Energy LLC has retained Tristone Capital Inc. to sell its 62.5% operated interest in the Lindero Atravesado Block in the Neuquén Basin in Argentina. The block is approximately 40 kilometers northwest of the city of Neuquen and has been onstream since 1974 with an accumulated production of 1.3 trillion cubic feet equivalent. The area is comprised of two separate fields, Lindero Atravesado Oriental in the eastern portion of the block, and Lindero Atravesado Occidental in the west. The fields are developed by 126 wells, seven batteries and two treatment facilities. Net proved plus probable reserves are 93.9 billion cubic feet equivalent plus unrisked resources of 43.2 billion equivalent and noncertified upside potential of 84 billion equivalent. Average net daily 2007 production was 25.8 million cubic feet equivalent per day (22.6 million gas, 553 barrels of oil and gas liquids). Estimated 2008 net operating cash flow is US$16.6 million. The contract life is through October 2016 with the possibility of a 10-year extension. The data room opens in early May. The bid due date is in June. Contact George Gosbee, 403-294-9541.