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Walter Chiaversio

Research Analyst at Santander

Walter Chiaversio's questions to Vista Energy, S.A.B. de C.V. (VIST) leadership

Question · Q4 2025

Walter Chiaversio inquired about the next steps for the Bandurria Sur acquisition, specifically regarding CapEx reallocation and the facilities situation following the acquisition of new blocks in 2025.

Answer

Miguel Galuccio, Founder, Chairman, and CEO of Vista Energy, explained that the main milestone of waiving rights of refusal was cleared, and the Chilean antitrust process was filed on February 11, with an expected closing in Q2. He stated that the CapEx plan for existing assets is not affected, and the acquisition will be self-funded. He also noted no issues with facilities for Bandurria Sur, with spare capacity available, but Bajada del Toro would require new facilities in the future.

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Question · Q4 2025

Walter Chiaversio asked about the next steps for the Bandurria Sur acquisition, specifically regarding CapEx reallocation, the number of wells, and the facilities situation following the acquisition of new blocks in 2025.

Answer

Miguel Galuccio, Founder, Chairman, and CEO of Vista Energy, explained that the main milestone (rights of refusal) was cleared, and the Chilean antitrust process is ongoing, with closing expected in Q2. He clarified that the CapEx plan for existing assets is unaffected, as the acquisition will be self-funded. Galuccio also noted no facility issues for Bandurria Sur, but Bajada del Toro would require new facilities, potentially tapping into the Duplicar Norte pipeline in the future.

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