<SEC-DOCUMENT>0000893838-17-000024.txt : 20170315
<SEC-HEADER>0000893838-17-000024.hdr.sgml : 20170315
<ACCEPTANCE-DATETIME>20170315170350
ACCESSION NUMBER:		0000893838-17-000024
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20170315
FILED AS OF DATE:		20170315
DATE AS OF CHANGE:		20170315

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			YPF SOCIEDAD ANONIMA
		CENTRAL INDEX KEY:			0000904851
		STANDARD INDUSTRIAL CLASSIFICATION:	PETROLEUM REFINING [2911]
		IRS NUMBER:				521612271
		STATE OF INCORPORATION:			C1
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-12102
		FILM NUMBER:		17691942

	BUSINESS ADDRESS:	
		STREET 1:		AVENIDA PTE R SAENZ 777-8 PISO
		CITY:			BUENOS AIRES 1364 AR
		STATE:			C1
		BUSINESS PHONE:		5413267265

	MAIL ADDRESS:	
		STREET 1:		AVENIDA PTE R SAENZ 777-8 PISO
		CITY:			BUENOS AIRES
		STATE:			C1
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>ypf6k03152017-3.htm
<DESCRIPTION>LETTER DATED MARCH 10, 2017
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<div style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; TEXT-ALIGN: center; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">FORM 6-K</div>

<div style="TEXT-ALIGN: center; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">&#160;</div>

<div style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; TEXT-ALIGN: center; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">SECURITIES AND EXCHANGE COMMISSION</div>

<div style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; TEXT-ALIGN: center; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">Washington, D.C. 20549</div>

<div style="TEXT-ALIGN: center; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">&#160;</div>

<div style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; TEXT-ALIGN: center; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">Report of Foreign Issuer</div>

<div style="TEXT-ALIGN: center; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">&#160;</div>

<div style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; TEXT-ALIGN: center; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">Pursuant to Rule 13a-16 or 15d-16 of</div>

<div style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; TEXT-ALIGN: center; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">the Securities Exchange Act of 1934</div>

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<div style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; TEXT-ALIGN: center; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">For the month of March, 2017</div>

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<div style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; TEXT-ALIGN: center; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">Commission File Number: 001-12102</div>

<div style="TEXT-ALIGN: center; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">&#160;</div>

<div style="TEXT-ALIGN: center; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">&#160;<font style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; DISPLAY: inline">YPF Sociedad An&#243;nima</font></div>

<div style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; TEXT-ALIGN: center; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">(Exact name of registrant as specified in its charter)</div>

<div style="TEXT-ALIGN: center; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">&#160;&#160;<font style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; DISPLAY: inline">Macacha G&#252;emes 515</font></div>

<div style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; TEXT-ALIGN: center; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">C1106BKK Buenos Aires, Argentina</div>

<div style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; TEXT-ALIGN: center; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">(Address of principal executive office)</div>

<div style="TEXT-ALIGN: center; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt"></div>

<div style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; TEXT-ALIGN: center; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">Indicate by check mark whether the registrant files or will file</div>

<div style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; TEXT-ALIGN: center; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">annual reports under cover of Form 20-F or Form 40-F:</div>

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<div style="FONT-SIZE: 12pt; FONT-FAMILY: arial; TEXT-ALIGN: left; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">Form 20-F</div>
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<div style="FONT-SIZE: 12pt; FONT-FAMILY: arial; TEXT-ALIGN: left; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">Form 40-F</div>
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<div style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; TEXT-ALIGN: center; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">Indicate by check mark if the registrant is submitting the Form 6-K</div>

<div style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; TEXT-ALIGN: center; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">in paper as permitted by Regulation S-T Rule 101(b)(1):</div>

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<div style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; TEXT-ALIGN: center; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">Indicate by check mark if the registrant is submitting the Form 6-K</div>

<div style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; TEXT-ALIGN: center; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt"></div>

<div style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; TEXT-ALIGN: center; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">in paper as permitted by Regulation S-T Rule 101(b)(7):</div>

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<div style="FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: left; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">&#160;&#160; 1&#160;&#160;&#160; Translation of letter to the Buenos Aires Stock Exchange dated March 10, 2017</div>

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<div style="FONT-SIZE: small; FONT-FAMILY: 'Times New Roman'; FONT-VARIANT: normal; FONT-WEIGHT: normal; FONT-STYLE: normal; TEXT-ALIGN: right; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">Autonomous City of Buenos Aires, March 10, 2017</div>

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<div style="FONT-SIZE: small; FONT-FAMILY: Times New Roman; FONT-VARIANT: normal; TEXT-ALIGN: left; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">To the</div>

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<div style="FONT-FAMILY: Times New Roman; FONT-WEIGHT: normal; TEXT-ALIGN: left"><font style="FONT-FAMILY: times new roman; FONT-WEIGHT: bold; TEXT-DECORATION: underline; DISPLAY: inline">Re</font>: Relevant Information</div>
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<div style="MARGIN-BOTTOM: 12pt; FONT-SIZE: small; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-VARIANT: normal; FONT-WEIGHT: normal; TEXT-ALIGN: justify">Dear Sirs:</div>

<div style="MARGIN-BOTTOM: 12pt; FONT-SIZE: small; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-VARIANT: normal; FONT-WEIGHT: normal; TEXT-ALIGN: justify"><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 1px; DISPLAY: inline-block; WIDTH: 9pt">&#160;</font>The purpose of this letter is to comply with the requirements of Article 23 of Chapter VII of the Buenos Aires Stock Exchange Regulations.</div>

<div style="FONT-SIZE: small; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-VARIANT: normal; FONT-WEIGHT: normal; TEXT-ALIGN: justify"><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 1px; DISPLAY: inline-block; WIDTH: 9pt">&#160;</font>In this regard, YPF S.A. (the "Company") informs that, within the context of the Public Hearing convened by the Ministry of Energy and Mining ("MINEM") through Resolution No. 29-E/2017 (the "Resolution"), the Company submitted to Ente Nacional Regulador Del Gas ("ENARGAS") an estimate of volumes that could be extracted from conventional and unconventional gas reservoirs for the development and exploitation of such reservoirs under current industry conditions. In accordance with the Resolution, the Hearing was held on Friday, March 10, 2017 at 9:00 am in order to consider the next adjustment of the Transportation System Entry Point (<font style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-STYLE: italic">Punto de Ingreso al Sistema de Transporte</font> or "PIST") natural gas prices and propane gas prices for undiluted propane gas distribution, which prices will be effective for a six-month period as of April 1, 2017, in connection with the gradual reduction of subsidies contemplated by MINEM Resolution No. 212/2016, dated October 6, 2016.</div>

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<div style="FONT-SIZE: small; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-VARIANT: normal; FONT-WEIGHT: normal; TEXT-ALIGN: justify"><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 1px; DISPLAY: inline-block; WIDTH: 9pt">&#160;</font>This simulation of estimated volumes considered a discount rate of 13% and<font style="FONT-FAMILY: 'Times New Roman', Times, serif">&#160;</font>the resulting values of the aforementioned estimate, under specific conditions and processing parameters, result in estimated prices of U.S.$7.60/MBTU, U.S.$6.20/MBTU and U.S.$4.00/MBTU for shale gas, tight gas and conventional gas, respectively. This estimate also assumed a scenario of gas production growth under the aforementioned parameters. Notwithstanding the above, and in relation to the relevant period, the following limitations should be taken into account:</div>

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<div style="FONT-FAMILY: 'Times New Roman', Times, serif">It does not represent a promise of investment or production, nor an estimate of the price at which market contracts will be negotiated, nor a statement of the Company's internal production costs.</div>
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<div style="FONT-FAMILY: 'Times New Roman', Times, serif">It does not represent all the elements and considerations for making investment decisions or selling the Company's products or services.</div>
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<div style="FONT-FAMILY: 'Times New Roman', Times, serif">It does not represent a specific evaluation of a particular project or a particular set of projects of the Company, nor does it constitute an opinion regarding the evolution of the Company's future costs and prices.</div>
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<div style="TEXT-ALIGN: justify">
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<div style="FONT-FAMILY: 'Times New Roman', Times, serif">It demonstrates only the representative values of projects organized by category or type of natural gas that are being developed or that could be developed under current industry conditions, that is, with the technology, costs of supplies and services, production, interest and financial costs, taxes and royalties, as well as other current variables usually considered by a natural gas producer.</div>
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<div style="FONT-SIZE: small; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-VARIANT: normal; FONT-WEIGHT: normal; FONT-STYLE: normal; TEXT-ALIGN: justify; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: -28.4pt; TEXT-INDENT: 0pt">Yours faithfully,</div>
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<div style="FONT-SIZE: small; FONT-FAMILY: times new roman; FONT-VARIANT: normal; FONT-WEIGHT: bold; TEXT-ALIGN: center; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">Diego Cela&#225;</div>

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<div style="FONT-SIZE: small; FONT-FAMILY: 'Times New Roman'; FONT-VARIANT: normal; FONT-STYLE: normal; TEXT-ALIGN: left; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 27pt">&#160;</div>

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<div style="TEXT-ALIGN: left; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">Date: March 15, 2017</div>
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<div style="TEXT-ALIGN: left; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">By:</div>
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<td style="FONT-SIZE: small; FONT-FAMILY: 'Times New Roman'; FONT-VARIANT: normal; BORDER-BOTTOM: black 2px solid; FONT-STYLE: normal; WIDTH: 35%" valign="middle" align="left">
<div style="TEXT-ALIGN: left; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">/s/&#160;<font style="DISPLAY: inline">Diego Cela&#225;</font></div>
</td>
<td style="FONT-SIZE: small; FONT-FAMILY: 'Times New Roman'; FONT-VARIANT: normal; PADDING-BOTTOM: 2px; FONT-STYLE: normal; WIDTH: 9%" valign="middle" align="left">&#160;</td>
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<td style="FONT-SIZE: small; FONT-FAMILY: 'Times New Roman'; FONT-VARIANT: normal; FONT-STYLE: normal; WIDTH: 50%" valign="middle" align="left">&#160;</td>
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<div style="FONT-SIZE: small; FONT-FAMILY: 'Times New Roman'; FONT-VARIANT: normal; FONT-STYLE: normal; TEXT-ALIGN: left; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">Name:</div>

<div style="FONT-SIZE: small; FONT-FAMILY: 'Times New Roman'; FONT-VARIANT: normal; FONT-STYLE: normal; TEXT-ALIGN: left; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">Title:</div>
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<td style="WIDTH: 35%" valign="middle" align="left">
<div style="FONT-SIZE: small; FONT-FAMILY: 'Times New Roman'; FONT-VARIANT: normal; FONT-STYLE: normal; TEXT-ALIGN: left; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">Diego Cela&#225;<br>
 Market Relations Officer</div>
</td>
<td style="FONT-SIZE: small; FONT-FAMILY: 'Times New Roman'; FONT-VARIANT: normal; FONT-STYLE: normal; WIDTH: 9%" valign="middle" align="left">&#160;</td>
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##__9

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
