Petro Andina Names New VP of Business Development

Petro Andina has appointed David R. Taylor to the position of Vice President, Business Development. Mr. Taylor will be responsible for identifying and capturing future growth opportunities for the Company.

Mr. Taylor brings to Petro Andina over 26 years of experience in all aspects of oil and gas exploration and production. He was previously Vice President, Exploration and International Operations for Husky Energy and Vice President, Exploration for Renaissance Energy prior to the merger of the two companies. Before joining Renaissance he held various management, business development and senior technical positions with Chauvco Resources, Imperial Oil Resources and Exxon Production Research Company in Houston.

Mr. Taylor holds a Masters degree in Geology from McMaster University and a Bachelors degree in Geology from the University of Pennsylvania. He is a member of APPEGA, CSPG and AAPG.

Petro Andina is engaged in the exploration for and development and production of oil and natural gas in Argentina and, to a lesser extent, in Canada. The Company is continuing to develop its existing reserves and to conduct appraisal and exploration drilling on its 457,000-acre (260,000 acre net) land position in the Neuquen basin. Petro Andina is headquartered in Calgary, Canada.