Medanito SA

active

Medanito S.A. is a mid-size Argentinean company active in oil and gas exploration and production (“E&P”), liquefied petroleum gas (“LPG”) production, and natural gas treatment services. The company’s main assets are the Aguada del Chivato/ Aguada Bocarey E&P concession in the Neuquen Province, and the Catriel Gas Complex in the Rio Negro Province. The company holds three other exploitation concessions and seven exploration licenses in the Neuquen basin, as well as an early-stage forestry business. Current oil and gas production net to Medanito is 1,185 barrels per day (“b/d”) and 14,600 thousand cubic feet per day (“mcf/d”), respectively. The company also produces 177 tonnes per day (“T/d”) of LPG, and 72 T/d of natural gasolines. Medanito has a 2011-2013 capital expenditure program, consisting of: (i) drilling programs aimed to develop hydrocarbon reserves; (ii) expansion of processing and storage facilities; and (iii) exploration activities.