PAE Campana Refinery

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 Pan American Energy, S.L. is a leading integrated energy company with upstream and downstream operations engaged primarily in the exploration, development and production of crude oil and natural gas, the refining of crude oil and the distribution and marketing of refined products. Pan American Energy, S.L. Argentina Branch (“PAE” or the “Company”) is completing a project at its Campana Refinery in Argentina to increase the production of refined products, produce higher value and cleaner burning fuels, and reduce refinery air emissions (the “Project”).  PAE requires financing (i) to for the Company’s investment program to finalize the construction and commissioning of the Project and (ii) increased working capital needs.