(Indicate by check mark whether the registrant by furnishing the
information contained in this form is also thereby furnishing the
information to the Commission pursuant to Rule 12g3-2(b) under
the Securities Exchange Act of 1934.)
Yes ______ No ___X___
This Form 6-K for Pampa Energía S.A. (“Pampa” or the “Company”) contains:
Exhibit 1:
Letter dated January, 16, 2018, addressed to the National Securities Commission (Comisión Nacional de Valores) and Bolsas y Mercados S.A., entitled “Sale of Oil Assets from Exploration & Production Segment.
Pampa Energía S.A. | ||
By: |
/s/ Marcos Marcelo Mindlin
|
|
Name: Marcos Marcelo Mindlin
Title: Chief Executive Officer |
This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates offuture economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will a ctually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.
Buenos Aires, January 16, 2018
Comisión Nacional de Valores
Bolsas y Mercados Argentinos S.A.
Ref.: Sale of Oil Assets from Exploration & Production Segment
I am writing to you in my capacity as Head of Market Relations of Pampa Energía S.A. (the “Company”) in order to comply with section 2, Chapter I Title XII (T.O. 2013) of the Comision Nacional de Valores regulations.
To that end, we inform that today Pampa executed with Vista Oil & Gas S.A.B. de C.V. (‘Vista’) an agreement to sell its direct ownership of 58.88% at Petrolera Entre Lomas S.A. (‘Pelsa’), and it’s direct participations at Entre Lomas, Bajada del Palo, Agua Amarga, Medanito S.E. and Jagüel de los Machos blocks.
The sale price is US$360 million, subject to standard adjustments for this type of transactions and the closing is subject to compliance of certain precedent conditions, including the approval of Vista’s shareholders meeting.
This transaction is in line with the Company’s strategy to focus its investments and human resources on the expansion of power generation installed capacity, on the exploration and production of natural gas, placing a special focus on the development and exploitation of our unconventional gas reserves (shale and tight gas), as well as to continue investing for the development of our utility concessions.
Finally, we would also like to inform that, given this transaction and in addition to the refining and marketing assets’ sale announced by the Company on December 7, 2017, the resulting cash inflow allows the Company to face the defined strategic investments. Because of this, and as long that the current conditions remain, we consider that it is unnecessary to issue a bond convertible into common shares, which terms and conditions were approved by the Company’s Board of Directors on June 26, 2017.
Sincerely,
María Agustina Montes
Head of Market Relations
Pampa Energía S.A.
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