EX-99.1 2 ex2-01.htm EX-99.1

Resource Extraction Payment Report

 

Project-level disclosure

 

The table below sets forth our payments made to governments for the fiscal year ended December 31, 2023, by project and type of payment.

 

                   
 

For the year ended December 31, 2023

(U.S.$ thousand)(1) (2)
  Taxes Royalties Fees Production
Entitlements		 Bonuses Dividends Payments for
infrastructure
improvements		 Community and social responsibility
payments		 Total
Argentina 532 (3)                532
Gobernador Ayala - 2,957 - - - - - -   2,957
Rio Neuquén  329 11,139 501 - - - - -  11,969
El Mangrullo 1,383 43,616 902 - - - - -  45,901
Rincón de Aranda  - - - - 13,100 - -  5,518  18,618
Rincón el Mangrullo  - 1,575 - - -  - -  -  1,575
Parva Negra - - 170 - - - - -  170
Sierra Chata 384 11,891 846 - - - - -  13,121
El Tordillo  355 6,430 2,143 - - - - -   8,928
Puesto Quiroga - 116 - - - - - -   116
Aguarague - 1,277  288 - -  - -  - 1,565
Las Tacanas Norte -  -  - - 1,800  -  -  -  1,800
Chirete  - 1,437 - - - - - -   1,437
Oil and Gas Exports  12,129 - - - - - -   12,129
Total  15,112  80,438 4,850 - 14,900 -  - 5,518  120,818

 

(1) All payments are reported in U.S. dollars. Payments relating to projects in Argentina were made in Argentinean Pesos, and such payments have been converted to U.S. dollars using, except for Taxes other than Taxes for Oil and Gas Exports, the sellers “divisa” exchange rates of the Banco de la Nación Argentina as of closing of the day before of each payment. For all Taxes other than Taxes for Oil and Gas Exports, the sellers “divisa” exchange rate published by the Banco de la Nación Argentina as of December 29, 2023 was used to make such conversion.
(2) Sums are rounded, so they may not add up.
(3) Some taxes related with the commercial development of oil and gas are imposed on a company-level and cannot be assigned to a specific project.
 
 

Government-level disclosure

 

The table below sets forth our payments made to governments for the fiscal year ended December 31, 2023, by government and type of payment.

 

                   
 

For the year ended December 31, 2023

(U.S.$ thousand)(1)
  Taxes Royalties Fees Production
Entitlements		 Bonuses Dividends Payments for
infrastructure
improvements		 Community and social responsibility
payments		 Total
Argentina                  
Argentinean Federal Government 12,337  - - - - - - - 12,337
Local Governments              
City of Buenos Aires  174  - - - -   -  -   174
Province of Buenos Aires  359 - - - -   - -   359
Province of Chubut  283 6,546 2,193 - -   -  -  9,022
Province of Mendoza  103 2,957 - - -   -  - 3,060
Province of Neuquén 1,561 67,876 2,369 - 14,900   - 5,518  92,224
Province of Rio Negro - 346 - - -   - - 346
Province of Salta 159 2,713 288 - -   -  -  3,160
Province of Santa Fe 136 - - - -   - -  136
Total 15,112 80,438 4,850 - 14,900   - 5,518  120,818
                   
(1) All payments are reported in U.S. dollars. Payments relating to projects in Argentina were made in Argentinean Pesos, and such payments have been converted to U.S. dollars using, except for Taxes other than Taxes for Oil and Gas Exports, the sellers “divisa” exchange rates of the Banco de la Nación Argentina as of closing of the day before of each payment. For all Taxes other than Taxes for Oil and Gas Exports, the sellers “divisa” exchange rate published by the Banco de la Nación Argentina as of December 29, 2023 was used to make such conversion.
(2) Sums are rounded, so they may not add up.
 
 

Payment details disclosure

 

The table below provides the details of payments made to governments for the fiscal year ended December 31, 2023.

 

                                   
For the year ended December 31, 2023  
Subnational Jurisdiction Government Business segment Projects Resource

Amount

(U.S.$ thousand)(1)

  
             
Argentinean Federal Government Argentinean Federal Government All Pampa Energía S.A. (2) N/A   208  
Argentinean Federal Government Argentinean Federal Government Oil and Gas Exports Oil and Gas   12,129  
City of Buenos Aires Government of the City of Buenos Aires Oil and Gas N/A (3) Oil and Gas   174    
Province of Buenos Aires Government of Buenos Aires Oil and Gas N/A (3) Oil and Gas   359  
Province of Chubut Government of Chubut Oil and Gas El Tordillo – Puesto Quiroga Oil and Gas   9,022  
Province of Mendoza Government of Mendoza Oil Gobernador Ayala Oil   3,060  
Province of Neuquén Government of Neuquén Oil and Gas El Mangrullo – Rincón de Aranda – Río Neuquén – Rincón del Mangrullo – Parva Negra – Sierra Chata – Las Tacanas Norte Oil and Gas   92,224  
Province of Rio Negro Government of Rio Negro Oil and Gas Rio Neuquén Oil and Gas   346  
Province of Salta Government of Salta Oil and Gas Aguarague - Chirete Oil and Gas   3,160  
Province of Santa Fe Government of Santa Fe Oil and Gas N/A (3) Oil and Gas   136  
Total   120,818  
(1) All payments are reported in U.S. dollars. Payments relating to projects in Argentina were made in Argentinean Pesos, and such payments have been converted to U.S. dollars using, except for Taxes other than Taxes for Oil and Gas Exports, the sellers “divisa” exchange rates of the Banco de la Nación Argentina as of closing of the day before of each payment. For all Taxes other than Taxes for Oil and Gas Exports, the sellers “divisa” exchange rate published by the Banco de la Nación Argentina as of December 29, 2023 was used to make such conversion.
(2) The Company files a consolidated income tax return in Argentina. The Argentinean Federal Government levies corporate income taxes at the consolidated group level rather than on a per-project basis. The Company has disclosed payments of U.S.$ 208 thousands in payments of transaction taxes related with the commercial development of oil and gas.
(3) Local jurisdictions impose gross income taxes, even tough there in no project located in such jurisdiction. Amounts stated are related with gross income tax imposed by jurisdictions related with commercial development of oil and gas at a company level.