Pampa Energy Inc 6-K, filed Jun 26, 2023
Pampa Energy Inc. (PAM)
About this 6-K
Pampa Energy Inc filed this 6-K on June 26, 2023.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN
ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
SECURITIES EXCHANGE ACT OF 1934
For the month of June, 2023
(Commission File No. 001-34429),
PAMPA ENERGIA S.A.
(PAMPA ENERGY INC.)
Argentina
(Jurisdiction of incorporation or organization)
Maipú 1
C1084ABA
City of Buenos Aires
Argentina
(Address of principal executive offices)
(Indicate by check
mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.)
Form 20-F ___X___ Form 40-F ______
(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___
(If "Yes"
is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b): 82- .)
This Form 6-K for Pampa Energía S.A. (“Pampa” or the “Company”) contains:
Exhibit 1: Letter dated June 26, 2023 entitled “Relevant Event. Swap with Total Austral S.A.”
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: June 26, 2023
| Pampa Energía S.A. | ||
| By: |
/s/ Gustavo Mariani |
|
|
Name: Gustavo Mariani Title: Chief Executive Officer |
||
FORWARD-LOOKING STATEMENTS
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.
City of Buenos Aires, June 26, 2023
Comisión Nacional de Valores
Bolsas y Mercados Argentinos S.A.
Ref.: Swap with Total Austral S.A.
I am writing to Bolsas y Mercados Argentinos and the National Securities Commission (Comisión Nacional de Valores), in my capacity as Responsible for Market Relations of Pampa Energía S.A. (“Pampa” or the “Company”) pursuant to article 2, Section I, Title XII of the Regulations of the National Securities Commission (T.O. 2013).
To that end, I inform that on June 23, 2023 Pampa agreed with Total Austral S.A. (“Total”) to acquire 45% of Rincón de Aranda Area (the “Area”) and, in exchange, transfer to Total 100% of Parque Eólico Mario Cebreiro (the “Transaction”). The closing of the transaction is subject to the fulfillment of certain terms and conditions.
According to the provisions of art. 23, section (a), paragraph 9 of the Listing Rules of Bolsas y Mercados Argentinos S.A., it is informed that the Company is currently reviewing its terms pursuant to the applicable accounting regulations, therefore the net economic result of the Transaction will be informed in the Financial Statements of the Company after the closing date.
It must be pointed out that the Area has a conventional hydrocarbon exploitation concession, which has been requested to be converted into an unconventional one (condition precedent for the execution of both transactions) and in which the Company will hold 100% of the new unconventional concession, increasing its reserves as well as its crude oil production. With this incorporation, Pampa continues to diversify its presence in the energy sector, reinforces its commitment to the development of Vaca Muerta and increases its exposure in the unconventional oil segment, in an area with great production potential.
In addition, it is important to mention that Pampa, since 2018, has developed and acquired wind farms for a total of 387 MW. Despite the decrease in wind power as a consequence of the Transaction, the Company is developing the first two stages of "Pampa Energía VI Wind Farm" that will allow the company to add in the short term 140 MW, reaching a total power of 427 MW. In this way, the investments made in the renewable sector add up to more than US$ 1 billion.
Likewise, Pampa is the third largest gas producer in the Neuquén basin, has a stake equivalent to 8% of Vaca Muerta´s surface area, and will complete investments of more than US$1.1 billion in the 2021-2023 period to expand its production capacity of gas and oil.
Sincerely,
María Agustina Montes
Head of Market Relations