ARPETROL LTD V.RPT

Financing

[TheRock07]

If tney choose to fully develop their assets in Argentina, they will require a financing either by PP or CD.

I see no evidence of share price restraint in market depth data.

That would suggest that any financing would be at or above 3 cents.

Or, that they will sell all Argentian assets..

[TheRock07]

Strategic iniatiates have not been mentioned in the past two updates. What has been stated is growth initiatives. From this, I gather that any putative sale of its Argentinian assets is in the short term off the table. In addition, the new incentivies recently put in place by the Argentinan Govt to expand natural gas production, make the development of FV field much more attractive ( $7.50 gas