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Apco Argentina Inc. Changes Name to Apco Oil and Gas International Inc.

Posted on: Tuesday, 14 July 2009, 07:30 CDT

TULSA, Okla., July 14 /PRNewswire-FirstCall/ -- Apco Argentina Inc. (Nasdaq: APAGF) announced that its shareholders have approved a change in its corporate name to Apco Oil and Gas International Inc.

The proposal was approved at the company's annual meeting of shareholders held in Tulsa, Okla., on Monday.

"This is a way for us to more appropriately identify with our diversification strategy into other South American countries," said Thomas Bueno, Apco's president and chief operating officer. "For example, we opened an office in Colombia last year to search for investment opportunities.

"Our interests in Argentina are obviously the core of our business. We're just looking on a wider basis now as we plan to grow and expand our oil and gas interests," Bueno added.

The company's shares will continue to trade on NASDAQ under the same "APAGF" symbol. Apco does, however, plan to change its Internet web address. The company's current address at www.apcoargentina.com may continue to be accessed for at least one year.

During the annual meeting, shareholders re-elected current directors Robert J. LaFortune and John H. Williams to Apco's board.

Shareholders also approved the appointment of Ernst & Young LLP as the company's independent registered public accounting firm for 2009.

About Apco (NASDAQ:APAGF)

Apco is an international oil and gas exploration and production company with interests in seven oil and gas concessions and one exploration permit in Argentina. More information is available at www.apcoargentina.com. Go to http://www.b2i.us/irpass.asp?BzID=1671&to=ea&s=0 to join our e-mail list.

Apco's reports, filings, and other public announcements may contain or incorporate by reference statements that do not directly or exclusively relate to historical facts. Such statements are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. You typically can identify forward-looking statements by the use of forward-looking words, such as "anticipate," believe," "could," "continue," "estimate," "expect," "forecast," "may," "plan," "potential," "project," "schedule," "will," and other similar words. These statements are based on our present intentions and our assumptions about future events and are subject to risks, uncertainties, and other factors. In addition to any assumptions, risks, uncertainties or other factors referred to specifically in connection with such statements, other factors not specifically referenced could cause our actual results to differ materially from the results expressed or implied in any forward-looking statements. Those factors include, among others:

• availability of supplies (including the uncertainties inherent in assessing, estimating, acquiring and developing future oil and natural gas reserves), market demand, volatility of prices, and the availability and cost of capital;
• inflation, interest rates, fluctuation in foreign currency exchange rates, and general economic conditions (including the current economic slowdown and the disruption of credit markets and the impact of these events on our customers and suppliers);
• the strength and financial resources of our competitors;
• development of alternative energy sources;
• the impact of operational and development hazards;
• costs of, changes in, or the results of laws, government regulations (including proposed climate change legislation), environmental liabilities and litigation;
• political conditions in Argentina and other parts of the world;
• the failure to renew participation in hydrocarbon concessions granted by the Argentine government on reasonable terms;
• risks associated with future weather conditions;
• acts of terrorism; and
• additional risks described in our filings with the Securities and Exchange Commission.
  

Given the uncertainties and risk factors that could cause our actual results to differ materially from those contained in any forward-looking statement, we caution investors not to unduly rely on our forward-looking statements. In addition to causing our actual results to differ, the factors listed above may cause our intentions to change. Such changes in our intentions may also cause our results to differ. We disclaim any obligation to and do not intend to publicly update or revise any forward-looking statements or changes to our intentions, whether as a result of new information, future events or otherwise.

Contact: Kelly Swan (media relations) (918) 573-4944 Thomas Bueno (investor relations) (918) 573-2570

SOURCE Apco Argentina Inc.

Source: PR Newswire

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