ARGENTINA: UPDATE AND OUTLOOK IN TROUBLED TIMES

Tuesday, November 25, 2008
8:00 am - 10:00 am

Calgary Petroleum Club
319, 5 Avenue SW | Calgary, Alberta

Based on the great interest of the Alberta business community in Argentina, CCA-Alberta presented an opportunity for companies interested in doing business in this country to get a local perspective on the new political trends and what this means in terms of investment and business development opportunities for Alberta companies in the oil & gas sector.

After their successful visit to Calgary last year, Mr. Hugo Martelli and Mr. Pablo De Rosso of Martelli Abogados, a law firm with substantial experience in the natural resources industry, returned to Calgary to present an update of the national political and financial highlights in Argentina. They will be joined by Daniel Gerold, a well known petroleum consultant. Read more below.

TOPICS included:

Daniel Gerold

• Evolution in 2008. Changes. Setbacks. Improvements.
• Effects of international financial crisis on oil and gas E&P players in Argentina.
• Influence of Argentine political and economic events on E&P players.
• Production.
• Reserves.
• Operations. Union activity. Discoveries.
• New Programs in place by Government.
• Prices. Forced changes and incentives? Outlook.

Pablo De Rosso

• Financial and political situation and outlook in Argentina
• Tax & fiscal strategies
• Corporate situation
• Foreign exchange regulations

Hugo Martelli

• Oil & gas legal framework in Argentina in the Latin American context
• Update on E&P oil and gas laws and regulations
• New roles of national and provincial governments
• Challenges in dealing with new national and provincial players
• Where do we go from here?