Cerro Negro oil project bondholders to take part in organizational meeting

By Jennifer Chiou

New York, March 7 - Holders of bonds issued under the indenture among Cerro Negro Finance, Ltd., Mobil Cerro Negro, Ltd., PDVSA Cerro Negro, SA and Deutsche Bank, as trustee, will take part in an organizational teleconference.

The law firm Brown Rudnick Berlack Israels LLP is hosting the teleconference on behalf of its clients, significant holders of the bonds, to discuss publicly disclosed recent developments surrounding the Venezuelan government's intention to obtain majority ownership of the Cerro Negro project.

The teleconference will take place at 11 a.m. ET on March 9.

Bondholders may contact Edward Weisfelner (212 209-4900 or eweisfelner@brownrudnick.com) or Andrew Strehle (617 856-8569 or astrehle@brownrudnick.com), both of Brown Rudnick Berlack Israels LLP.

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