Apco Argentina Declares Third-Quarter 2008 Dividend

TULSA, Okla., Sept. 26 /PRNewswire-FirstCall/ -- The board of directors of Apco Argentina Inc. has approved a regular quarterly dividend of 8.75 cents per share on the company's ordinary shares.

The third-quarter dividend is payable on Oct. 29, 2008, to shareholders of record at the close of business on Oct. 17, 2008.

About Apco (Nasdaq: APAGF)

Apco is an oil and gas exploration and production company with interests in seven oil and gas concessions and two exploration permits in Argentina.

     Contact:  Kelly Swan
               Williams (media relations)
               (918) 573-4944

               Thomas Bueno
               Apco Argentina (investor relations)
               (918) 573-2164

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 and quarterly reports filed with the Securities and Exchange Commission.

SOURCE Apco Argentina Inc.