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Argentina

Argentina became our latest core area following two significant acquisitions in 2006 that substantially increased our presence in the country. Our oil and gas assets are located in the Neuquén, Cuyo and Austral basins of Argentina.

Operating results

Production
Percentage of total 2008 production

Reserves
Percentage of total 2008 reserves

Production Reserves

Performance highlights

  Year Ended
Dec. 31, 2008

Oil Production Bpd

12,409

Natural Gas Production Mcfd

195,651

Natural Gas Liquids Production Bpd

2,887

Proved Reserves MMboe

123

Gross Acreage

3,329,000

Gross Wells Drilled/Productive in 2008

83/72

Production and pricing data

  Quarter Ended
Sept. 30, 2009
Quarter Ended
Sept. 30, 2008

Oil Volume Bpd

11,026

12,729

Average Oil Price per Bbl

$48.53

$50.95

Natural Gas Volume Mcfd

183,504

217,091

Average Natural Gas Price per Mcf

$1.89

$1.41

Natural Gas Liquids Volume Bpd

3,291

3,005

Average Natural Gas Liquids Price per Bbl

$15.44

$36.63