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Bondholders in Cerro Negro Venezuela oil project to meet

Petroleumworld
CARACAS
Petroleumworld.com 03 09 07

The law firm Brown Rudnick Berlack Israels LLP, on behalf of its clients, significant holders (the "Organizers") of the bonds issued under Bond Indenture dated as of June 18, 1998 among Cerro Negro Finance, Ltd., Mobil Cerro Negro, Ltd., PDVSA Cerro Negro, S.A., and Deutsche Bank, successor-in-interest to Bankers Trust Company, as Bond Trustee (the "Bonds"), will be hosting an organizational telephonic meeting among interested bondholders to discuss publicly disclosed recent developments surrounding the Venezuelan Law Decree No. 5200 reflecting the Venezuelan government's intention to obtain majority ownership of the Cerro Negro project. The teleconference will take place at 11:00 a.m. EST on Friday, March 9, 2007.

If you are a holder of the Bonds and wish to participate in this teleconference, please contact Organizer's counsel, Edward Weisfelner of Brown Rudnick Berlack Israels LLP at 212-209-4900 or eweisfelner@brownrudnick.com or Andrew Strehle of Brown Rudnick Berlack Israels LLP at 617-856-8569 or astrehle@brownrudnick.com.

The reference numbers for the Bonds are CUSIP156877AC6, CUSIP156877AB8, and CUSIP156877AA0.

About Brown Rudnick Berlack Israels LLP

Brown Rudnick is an international law firm with offices in the United States and Europe. The firm represents clients from around the world, providing business-focused solutions that address today's ever-changing, ever-demanding competitive marketplace. With an entrepreneurial and collaborative mindset, Brown Rudnick offers a broad slate of capabilities and talents in areas that include: Bankruptcy & Corporate Restructuring, Complex Litigation, Corporate & Securities, Energy, Finance, Government Law & Strategies, Health Law, Intellectual Property and Real Estate. For more information, please visit www.brownrudnick.com.

SOURCE: Brown Rudnick Berlack Israels LLP
Brown Rudnick Berlack Israels LLP Lisa Murray, 617-856-8509 lmurray@brownrudnick.com Copyright Business Wire 2007

Petroleumworld 08 03 07

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