Geoandina’s  reasons for establishing  operations  in Argentina include its operational experience, the country’s sizable oil and gas reserves and favorable geology, its skilled workforce, improving economy and increasing energy demand, recent government moves to decontrol oil and gas prices, exploration upside, the relatively under-drilled nature of even its more mature producing areas, and its generally producer-friendly concession terms.  The company believes its sense of urgency, low-cost operating style, exploration and exploitation expertise and financial and operating strength can make a difference in Argentina.  The assets provided by Geoandina and it operations  in Argentina will  form a nucleus from which to grow.