Apco Declares Quarterly Dividend

TULSA, Okla., July 20 /PRNewswire-FirstCall/ -- The board of directors of Apco Oil and Gas International Inc. (Nasdaq: APAGF) has approved a regular quarterly dividend of 2 cents per share on the company's ordinary shares.

The dividend is payable on Aug. 12, 2010, to shareholders of record at the close of business on Aug. 2, 2010.

Apco also held its annual meeting of shareholders in Tulsa, Okla., on Tuesday.  At the annual meeting, shareholders re-elected current directors Bryan K. Guderian and Rodney J. Sailor to Apco's board.

Shareholders also approved the appointment of Ernst & Young LLP as the company's independent registered public accounting firm for 2010.

About Apco Oil and Gas International Inc. (NASDAQ: APAGF)

Apco Oil and Gas International Inc. is an international oil and gas exploration and production company with interests in nine oil and gas concessions and two exploration permits in Argentina, and two exploration and production contracts in Colombia. More information is available at www.apcooilandgas.com.

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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 Oil and Gas International Inc.