EX-99.1 2 ex2-01.htm EX-99.1

Resource Extraction Payment Report

Project-level disclosure

The table below sets forth our payments made to governments for the fiscal year ended December 31, 2024, by project and type of payment.

 

                   
 

For the year ended December 31, 2024

(U.S.$ thousand)(1) (2)
  Taxes Royalties Fees Production
Entitlements		 Bonuses Dividends Payments for
infrastructure
improvements		 Community and social responsibility
payments		 Total
Gobernador Ayala 207 2,571 - - - - - -   2,778
Rio Neuquén 1,085 9,752 326 - - - - -  11,163
El Mangrullo  4,465 45,089 415 - - - - -  49,969
Rincón de Aranda  195 2,434 132 - - - -  -  2,761
Rincón el Mangrullo  142 1,253 - - -  - -  -  1,395
Parva Negra - - 122 - - - - -  122
Sierra Chata 1,964 18,095 744 - - - - -  20,803
El Tordillo 690 4,962 1,654 - - - - -   7,306
Puesto Quiroga - 214 - - - - - -   214
Aguarague  207 1,243  283 - -  - -  -  1,733
Las Tacanas Norte -  -  - -  -  -  -  -  -
Chirete  - 293 - - - - - -   293
Oil and Gas Exports  8,668 - - - - - -   8,668
Total 17,623 85,906 3,676 - - -  - -  107,205
                   
(1)All payments are reported in U.S. dollars. Payments relating to projects in Argentina were made in Argentinean Pesos, and such payments have been converted to U.S. dollars using, except for Taxes other than Taxes for Oil and Gas Exports, the sellers “divisa” exchange rates of the Banco de la Nación Argentina as of closing of the day before of each payment. For all Taxes other than Taxes for Oil and Gas Exports, the sellers “divisa” exchange rate published by the Banco de la Nación Argentina as of December 31, 2024 of Pesos 1,032.00 per US dollar was used to make such conversion.
(2)Sums are rounded, so they may not add up.

 

 
 

Government-level disclosure

The table below sets forth our payments made to governments for the fiscal year ended December 31, 2024, by government and type of payment.

 

                   
 

For the year ended December 31, 2024

(U.S.$ thousand)(1)
  Taxes Royalties Fees Production
Entitlements		 Bonuses Dividends Payments for
infrastructure
improvements		 Community and social responsibility
payments		 Total
Argentina                  
Argentinean Federal Government 8,668  - - - - - - - 8,668
Local Governments              
City of Buenos Aires  399  - - - -   -  -  399
Province of Buenos Aires  1,004 - - - -   - -  1,004
Province of Chubut  789 5,176 1,654 - -   -  - 7,619
Province of Mendoza  233 2,571 - - -   -  - 2,804
Province of Neuquén 5,472 76,500 1,739 - -   - - 83,711
Province of Rio Negro 150 123 - - -   - - 273
Province of Salta 525 1,536 283 - -   -  -  2,344
Province of Santa Fe 383 - - - -   - -  383
Total 17,623 85,906 3,676 - -   - - 107,205
                   
(1)All payments are reported in U.S. dollars. Payments relating to projects in Argentina were made in Argentinean Pesos, and such payments have been converted to U.S. dollars using, except for Taxes other than Taxes for Oil and Gas Exports, the sellers “divisa” exchange rates of the Banco de la Nación Argentina as of closing of the day before of each payment. For all Taxes other than Taxes for Oil and Gas Exports, the sellers “divisa” exchange rate published by the Banco de la Nación Argentina as of December 31, 2024 of Pesos 1,032.00 per US dollar was used to make such conversion.
(2)Sums are rounded, so they may not add up.

 

 

 

 

 

 
 

Payment details disclosure

The table below provides the details of payments made to governments for the fiscal year ended December 31, 2024.

 

                                 
For the year ended December 31, 2024
Subnational Jurisdiction Government Business segment Projects Resource

Amount

(U.S.$ thousand)(1)
           
Argentinean Federal Government Argentinean Federal Government All Pampa Energía S.A. (2) N/A   -
Argentinean Federal Government Argentinean Federal Government Oil and Gas Exports Oil and Gas   8,668
City of Buenos Aires Government of the City of Buenos Aires Oil and Gas N/A (3) Oil and Gas   399  
Province of Buenos Aires Government of Buenos Aires Oil and Gas N/A (3) Oil and Gas   1,004
Province of Chubut Government of Chubut Oil and Gas El Tordillo – Puesto Quiroga Oil and Gas   7,619
Province of Mendoza Government of Mendoza Oil Gobernador Ayala Oil   2,804
Province of Neuquén Government of Neuquén Oil and Gas El Mangrullo – Rincón de Aranda – Río Neuquén – Rincón del Mangrullo – Parva Negra – Sierra Chata – Las Tacanas Norte Oil and Gas   83,711
Province of Rio Negro Government of Rio Negro Oil and Gas Rio Neuquén Oil and Gas   273
Province of Salta Government of Salta Oil and Gas Aguarague - Chirete Oil and Gas   2,344
Province of Santa Fe Government of Santa Fe Oil and Gas N/A (3) Oil and Gas   383
Total   107,205
(1)All payments are reported in U.S. dollars. Payments relating to projects in Argentina were made in Argentinean Pesos, and such payments have been converted to U.S. dollars using, except for Taxes other than Taxes for Oil and Gas Exports, the sellers “divisa” exchange rates of the Banco de la Nación Argentina as of closing of the day before of each payment. For all Taxes other than Taxes for Oil and Gas Exports, the sellers “divisa” exchange rate published by the Banco de la Nación Argentina as of December 31, 2024 of Pesos 1,032.00 per US dollar was used to make such conversion.
(2)The Company files a consolidated income tax return in Argentina. The Argentinean Federal Government levies corporate income taxes at the consolidated group level rather than on a per-project basis. The Company has made payments of transaction taxes related with the commercial development of oil and gas as operator of joint ventures for under the amount of U.S.$. 100 thousand.
(3)Local jurisdictions impose gross income taxes, even tough there in no project located in such jurisdiction. Amounts stated are related with gross income tax imposed by jurisdictions related with commercial development of oil and gas at a company level.