Company: VIST
Filing Date: 2025-04-16
Form Type: 6-K
Source: 0001193125-25-082223
Chunk: 38

Company: Vista Energy, S.A.B. de C.V.
Filing Date: 2025-04-16
Form: 6-K
Chunk 38
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The Transaction is subject to changes in the economic and market environment.

The Sale and Purchase Agreement cannot anticipate all possible changes in the economic and market environment. Factors such as fluctuations in
oil and gas prices, changes in the demand for hydrocarbons in the market, unexpected increases in operating and maintenance costs, variations in exchange rates, increases in interest rates, may significantly affect the profitability and viability of
the Transaction. As a result of these factors, it is possible that the operating and financial performance of PEPASA’s assets may be lower than expected and may not allow a recovery of the amounts invested in the acquisition.

The Transaction documents set forth significant limitations on the liability of the Sellers, which may represent a risk to the Purchasers.

The Sale and Purchase Agreement imposes significant limitations on Sellers’ liability, which may pose a risk to
the Purchasers. These limitations include specific thresholds for claims, where Sellers will not be liable for claims, as well as limitations on Sellers’ total liability (including tax and/or environmental claims). Certain liability assumptions
are also excluded, such as consequential loss, business interruption, loss of reputation and loss of opportunity. These limitations and exclusions may significantly reduce the Purchasers’ ability to recover losses or damages for investments and
financing related to the Transaction, thereby affecting our business, financial condition and results of operations.

We may not fully identify issues with PEPASA’s properties, which could mean that the assets we acquire may be worth less than what we pay due to uncertainties in the evaluation of recoverable reserves and potential liabilities.

Successful acquisitions require an evaluation of a number of factors, including estimates of recoverable reserves, exploration potential,
future oil and natural gas prices, title suitability, operating and capital costs and potential environmental and other liabilities. Although we generally conduct a review of the properties we acquire, which we believe is consistent with industry
practices, we cannot assure you that we have identified all existing or potential problems associated with PEPASA, or that we will be able to mitigate any problems we identify. Such assessments are inaccurate and their accuracy is inherently
uncertain.

In addition, our review may not allow us to become sufficiently familiar with the properties to fully assess their
deficiencies and capabilities. We have not inspected all of the existing wells on PEPASA’s properties. Even when we inspect a well, we do not always discover structural, subsurface, title and environmental problems that may exist or arise. As a
result of these factors, it is possible that the operating and financial performance of P