Company: VIST
Filing Date: 2025-04-16
Form Type: 6-K
Source: 0001193125-25-082223
Chunk: 43

Company: Vista Energy, S.A.B. de C.V.
Filing Date: 2025-04-16
Form: 6-K
Chunk 43
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 negotiations with the opposition on various aspects of each bill to secure their support. In
parallel, certain circumstances have led the opposition to coalesce and move forward with legislation that the administration had previously publicly opposed. These political dynamics and the current administration’s lack of majorities in the
Argentine Congress could lead to a situation in which executive vetoes are frequently used for various bills passed by the Argentine Congress, thus creating political uncertainty and legal claims, affecting the predictability and investment climate
in Argentina in general. The Company cannot predict how this situation will evolve and whether it could negatively impact its operations and/or financial conditions.

During 2025, legislative elections will be held to renew half of the seats in the Argentine Chamber of Deputies and one third of the seats in
the Argentine Senate. The composition of the Argentine Congress will determine the ability of the executive branch to implement its agenda. A divided Congress could make it difficult to pass laws and reforms and, therefore, to governability.

It is not possible to predict the social, political and economic impact of the measures announced and implemented by the government to date,
as well as future measures, the outcome of the ambitious deregulation plan to be implemented through Decree No. 70/2023 and the Ley de Bases and the outcome of the legislative elections to be held in 2025. Such measures could affect our
financial condition and results of operations.

We are or may be subject to direct and indirect import and export restrictions under the laws of Argentina.

Although Argentine Hydrocarbons Law generally grants the right to export hydrocarbons, provided there are
no objections from the Argentine Secretariat of Energy, and ensures that, once the export requirements are met, the right to export cannot be revoked, it is expected

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that the specific objection process will be further defined by a resolution of the Argentine Secretariat of Energy. In addition, hydrocarbon exports are only allowed if the volumes are not needed
for the domestic market and are sold at reasonable prices. In the past, oil and gas companies have faced restrictions on exporting crude oil from Argentina, thus limiting their access to higher revenues when international prices are above domestic
prices in Argentina.

Although the Ley de Bases approved changes to Argentine Hydrocarbons Law to reduce restrictions on
hydrocarbon exports, authorization from the federal government is still required to export hydrocarbons, pending the enactment of the aforementioned resolution of the Argentine Secretariat of Energy. If we do not obtain the permits to export
hydrocarbons, our operations could be