Apco Argentina Declares Second-Quarter 2009 Dividend

TULSA, Okla., July 13 /PRNewswire-FirstCall/ --The board of directors of Apco
Argentina Inc. has approved a regular quarterly dividend of 2 cents per share
on the company's ordinary shares.

The second-quarter dividend is payable on Aug. 4, 2009, to shareholders of
record at the close of business on July 24, 2009.

About Apco (Nasdaq: APAGF)
Apco is an international oil and gas exploration and production company with
interests in seven oil and gas concessions and one exploration permit in
Argentina. More information is available at www.apcoargentina.com. Go to
http://www.b2i.us/irpass.asp?BzID=1671&to=ea&s=0to join our e-mail list.
Contact: Kelly Swan
Williams (media relations)
(918) 573-4944

Thomas Bueno
Apco Argentina (investor relations)
(918) 573-2570

Portions of this document may constitute "forward-looking statements" as
defined by federal law. Although the company believes any such statements are
based on reasonable assumptions, there is no assurance that actual outcomes
will not be materially different. Any such statements are made in reliance on
the "safe harbor" protections provided under the Private Securities Reform Act
of 1995. Additional information about issues that could lead to material
changes in performance is contained in the company's annual reports filed with
the Securities and Exchange Commission.

SOURCE Apco Argentina, Inc.

media relations, Kelly Swan of Williams, +1-918-573-4944; or investor
relations, Thomas Bueno of Apco Argentina, +1-918-573-2570