Marco
Misc

OPERATIONS
VISTA KEY VALUE DRIVERS
Deep, ready-to-drill, short-cycle well inventory
~1,140 ready-to-drill locations in Vaca Muerta and 335 net wells on production (186 drilled as an operator and 149 through our WI in LACh) at the end of Q3-25
Productivity of shale oil wells among best-in-basin
YE-24 proved reserves were 518.5 MMboe pro forma (87% oil)(1)
Crude oil takeaway capacity of 144 Mbbl/d in pipelines
Crude oil treatment capacity of 178 Mbbl/d (including 75 Mbbl/d in LACh)
Peer-leading operating performance
Q3-25 total production was 126.8 Mboe/d
Exported 62% of oil sales volumes during Q3-25, with 100% of total volumes sold at export parity
4.4 $/boe lifting cost in Q3-25, down 68% since 2018 (2)
Flat and agile organization, led by an experienced oil & gas management team
Robust balance sheet & financial performance
Sound balance sheet with 320 $MM in cash, and a pro forma net leverage ratio of 1.49x, as of Q3-25(1)
Adj. EBITDA was 1,426 $MM in LTM (1,752 $MM pro forma) (1)(3)
Adj. EBITDA margin was 67% in Q3-25 at 64.6 $/bbl realized oil price (4)
Sustainability focused culture
Aiming to reduce our GHG emissions intensity to 7 kgCO2e/boe by 2026
Also aiming to generate enough carbon credits to match the size of our residual carbon footprint by 2026 through the development of our own NBS projects

(1) Pro forma values calculated as if Petronas E&P Argentina S.A. had been acquired on January 1, 2024.
(2) Lifting cost includes production, transportation, treatment and field support services; excludes crude oil stock fluctuations, depreciation, depletion and amortization, royalties and others, selling expenses, exploration expenses, general and administrative expenses, other operating income, other operating expense and other non-cash costs related to the transfer of conventional assets
(3) Adj. EBITDA: Profit for the year, net + Income tax (expense) / benefit + Financial income (expense), net + Income (loss) from investments in associates + Depreciation, depletion and amortization + Restructuring and reorganization expenses + Impairment (reversal) of long-lived assets + Other non-cash costs related to the transfer of conventional assets + Gain from business combination
(4) Adj. EBITDA Margin = Adj. EBITDA / (Total Revenues + Gain from Export Increase Program)
(5) Scope 1 & 2 GHG emissions from our operated assets in Argentina at 100% working interest
Idiomas
Anterior
Siguiente

ARGENTINA
Unique 'pure-play' public investment opportunity in Vaca Muerta.
ARGENTINA ASSETSArrow
P1 Reserves at YE 2024: 365.5 MMboe (99% operated, 86% oil) (508.8 MMboe pro forma) (1)

Production Q3-25: 126.3 Mboe/d (62% operated, 88% oil)

• ~229,000 net acres in the Vaca Muerta formation
• Identified up to 1,473 new well locations, of which 550 are in Bajada del Palo Oeste, 150 in Aguada Federal, 150 in Bajada del Palo Este, 150 in Bandurria Norte, 100 in Águila Mora, 50 in Coirón Amargo Norte and 323 in La Amarga Chica
• Potential upside by de-risking additional landing zones
• Crude oil treatment capacity of 103 Mbbl/d in our operated blocks (with additional upside in La Amarga Chica)
• Shale oil concessions expiring in 2050
(1) Pro forma values calculated as if Petronas E&P Argentina S.A. was acquired on January 1, 2024
Mapa
Águila Mora
• Net acres: 21,128 (90% WI)
• License term: 2054
• Operator: Vista
• Commitment: capital expenditure of 32 $MM
Bajada del Palo Este
• Net acres: 48,853 (100% WI)
• License term: 2053
• Operator: Vista
• Commitment: capital expenditure of 52 $MM
• Inventory: Identified up to 150 well locations
• Production: 3.0 Mboe/d in Q1-23
Bajada del Palo Oeste
• Net acres: 62,641 (100% WI)
• License term: 2053
• Operator: Vista
• Idetified up to 550 well locations having tested 3 landing zones
• Production: 33.2 Mboe/d in Q1-23
Bandurria Norte
• Net acres: 26,404 (100% WI)
• License term: 2050
• Operator: Vista
• Inventory: Identified up to 150 well locations
Aguada Federal
• Net acres: 24,058 (100% WI)
• License term: 2050
• Operator: Vista
• Inventory: Identified up to 150 well locations
• Production: : 5.3 Mboe/d in Q1-23

MEXICO
Mexico assetsArrow
P1 Reserves at YE 2024: 9.8 MMboe
Production Q3-25: 0.4 Mboe/d

cs-01
We hold 100% operating working interest in the contract for block CS-01 in the Macuspana basin
Incremental production through different activities to produce undeveloped reserves at upper Zargazal and Amate formations, which have original pressure and hydrocarbon saturation
Future upside will come from field developments, infrastructure upgrades and exploration of untested deeper formations
Mapa