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Tunisia

As a result of repeated sucess, Pioneer has built a strong position in the Ghadames Basin of southern Tunisia. Oil production has grown steadily and will rise significantly when production from Pioneer's operated Jenein Nord block is initiated and oil sales begin in early 2008. Pioneer has had significant drilling success on the block, regularly announcing new discoveries throughout 2007.Pioneer has a substantial acreage position in the Ghadames Basin of southern Tunisia with an interest in five blocks totaling approximately three million acres. To date, Pioneer has successfully explored in the Adam, Cherouq, Borj El Khadra and Anaguid blocks. Oil production from these blocks continues with growth potential as new discoveries are connected to existing infrastructure.

The Company is operator of the Cherouq block. Facilities are currently being constructed to handle growing production. Pioneer is also operator of the Anaguid block, where its first exploration well was a discovery.

Tunisia operationsPioneer has initiated a three-well drilling campaign for 2010 which incorporates results from newly processed 3-D seismic.

Pioneer and the other producers in the country are working with the Tunisian government to evaluate the opportunity to expand infrastructure and supply gas volumes from southern Tunisia to existing markets in northern Tunisia.

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