Examples of PEPASA in a sentence
Considering the production of the Medanito La Pampa for which PEPASA is a beneficiary.
These projects will be in force for a maximum term of 5 years, with the possibility for renewal.On August 7, 2013, pursuant to Resolution No. 27/13, the Committee approved a project for an increase in the total natural gas injection submitted by former subsidiary PEPASA, with retroactive effects to March 1, 2013.
On August 15, 2018, the exchange of PEPASA, CTG, INNISA and INDISA shares for 144,322,083 of the Company was effected, with 1,880 shares remaining as treasury shares since they were fractional or decimal shares which were paid in cash.
PEPASA has granted to certain officers a compensation for services (payable in cash) based on the share value appreciation.
For PEPASA, decisions on financial and operating policies are taken by the Board Directors of PEPASA, which is formed in its mayority by the same directors of the Company.
At the end of fiscal year 2016, production of the area assigned to PEPASA amounted to approximately 2.7 million m3/day, which was sold under gas supply agreements with different users at an average price of US$ 4.5/MBTU.
During the years 2014 and 2015, the Company sold PEPASA shares, reducing its interest to 49.74% and 49.60% respectively.
Syndicated LoanOn July 27, 2015, PEPASA entered into a syndicated loan agreement for the amount of $ 765 million with Banco Hipotecario S.A., BACS Banco de Crédito y Securitización S.A., Industrial and Commercial Bank of China (Argentina) S.A. and Citibank N.A, Argentine branch.
As of December 31, 2015, the disbursed investment amounted to U$S 218 million.As of December 31, 2015, production under this agreement reaches approximately 3.1 million m3/day (50% of which correspond to PEPASA, plus a 300,000 m3/day compensation pursuant to the provisions of the Agreement), which is marketed through gas supply agreements with different clients at an average price of US$ 4.7/MMBTU.
During the years 2015 and 2016, the Company sold PEPASA shares, reducing its interest from 49.74% (as of December 31, 2014) to 49.60% y 49.54%, respectively.