Vista Oil & Gas announces asset transfer in Mexico to increase its working interest in the
operated block CS-01 to 100%
Mexico City, August 23, 2021 Vista Oil & Gas, S.A.B. de C.V. (Vista or the Company) (NYSE: VIST;
BMV: VISTA) announced today an asset transfer whereby, through one of its subsidiaries, it has (i) increased to 100% its working interest in the operated block CS-01, in which it previously held a 50%
working interest, and (ii) assigned its entire working interest in the TM-01 and A-10 blocks in favor of Jaguar Exploración y Producción 2.3.,
S.A.P.I. de C.V. (Jaguar) and Pantera Exploración y Producción 2.2., S.A.P.I. de C.V. (Pantera), respectively.
On
March 25, 2021, the governing body of the National Hydrocarbons Commission (Comisión Nacional de Hidrocarburos or CNH) approved the assignment of Jaguars entire working interest in block CS-01 in favor of Vista Oil & Gas Holding II, S.A. de C.V (Vista Holding II), one of the Companys subsidiaries. In addition, on August 16, 2021, Vista Holding II executed with
the CNH the third amendment to the license contract for block CS-01, effectively acquiring 100% of the working interest in such block.
On April 29, 2021, the CNH approved the assignment of the entire working interest that Vista had in blocks TM-01
and A-10, in favor of Jaguar and Pantera, respectively. Finally, on August 23, 2021, Jaguar and Pantera executed with the CNH the second amendments to the license contracts for blocks TM-01 and A-10, effectively acquiring 100% of the working interests in the blocks TM-01 and
A-10, respectively.
Forward-Looking Statements
Any statements contained herein or in the attachments hereto regarding Vista that are not historical or current facts are forward-looking statements. These
forward-looking statements convey Vistas current expectations or forecasts of future events. Forward-looking statements regarding Vista involve known and unknown risks, uncertainties and other factors that may cause Vistas actual
results, performance or achievements to be materially different from any future results, performances or achievements expressed or implied by the forward-looking statements. Certain of these risks and uncertainties are described in the Risk
Factors, Forward-Looking Statements and other applicable sections of Vistas prospectus filed with the United States Securities and Exchange Commission (SEC) and other applicable filings with the SEC and the
Mexican National Banking and Securities Commission (Comisión Nacional Bancaria y de Valores).
Enquiries:
Investor Relations:
ir@vistaoilandgas.com
Argentina: +54 11 3754 8500
Mexico: +52 55 4166 9000