Citla Energy

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Citla Energy S.A.P.I de C.V (“Citla” or the “Company”) is a newly formed Mexican exploration and production company (the “Project”), backed by affiliates of ACON Investments L.L.C (“ACON”). ACON, a US private equity firm, through its affiliates and co-investors is aggregating equity financing of up to US$1.0 billion for Citla to take advantage of the opportunities created by the historic opening of the Mexican oil and gas sector to the private sector. Under ACON’s guidance, Citla will implement a flexible and opportunistic strategy to build a balanced portfolio of exploration and production assets, seeking to benefit from the aggregation of diverse asset profiles (stage development, asset type and geographic clusters, risk-sharing co-investments), both independently and in partnerships, to achieve strategic and operational efficiencies. In the short to medium term, the Company will focus on acquiring onshore mature production fields as well as farm-outs and contract migrations with Pemex.