HUNT, PARTNER TO EXPLORE CENTRAL ARGENTINA ACREAGE

Argentina Hunt Oil Co. and an Argentine firm have received an exploration area in Central Argentina by state owned Yacimientos Petroliferos Fiscales Soc. del Estado (YPF). The contract, awarded to Argentina Hunt and Perfiltra SA, Buenos Aires, covers 9,895 sq km - about 2.445 million acres - in the General Levalle block in Cordoba province. Argentina Hunt, a unit of Hunt Oil Co., Dallas, has a 97% working interest and will be operator. Perfiltra owns the remaining interest.

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