4 meters., the Spanish commercial satellite services company, INSA and the leaders
of Spain's space industries: EADS-CASA Espacio, INDRA and SENER. Its
Space Systems/Loral division is a world-class leader in the design and
manufacture of satellites and satellite systems for commercial and government
applications including direct-to-home television, broadband communications,
wireless telephony, weather monitoring and air traffic management. These factors include
those related to the filing, on July 15, 2003 by Loral and certain of its
subsidiaries, of voluntary petitions for reorganization under chapter 11 of
title 11 of the United States Code in the United States District Court for the
Southern District of New York and parallel insolvency proceedings in the
Supreme Court of Bermuda in which certain partners of KPMG were appointed as
joint provisional liquidators .
The reader is specifically referred to these documents. By acquiring new 3-D seismic data, we should be able to more
confidently quantify the reserve potential and risk prior to drilling
the first well.

embassies abroad

XTAR To Enable State Department DTS-PO Communications
Throughout Africa and Asia

ROCKVILLE, Md. "XTAR will allow DTS-PO
to use its currently installed X-band terminals, maintain assured
communication access and increase the system's performance through the
powerful XTAR-EUR satellite.S. XTAR-EUR is expected
to provide service for nearly 20 years.
The XTAR-EUR satellite features traditional global beams as well as
on-board switching and multiple steerable beams, allowing users access to
X-band capacity as they travel anywhere within the footprint of the satellite.
XTAR-EUR is designed to work with existing X-band terminals, as well as next
generation X-band terminals that feature antennas smaller than 2.S. The company is a joint venture between
Loral Space + Communications, which owns 56 percent, and HISDESAT, which owns
44 percent. XTAR is headquartered in Rockville, Md.xtarllc.com. In addition, Loral Space +
Communications Ltd.com

guinea government

"
The Diplomatic Telecommunications Service provides communications services
for U.
The DTS Network provides responsive, reliable, secure, and cost-effective
telecommunications services to users at more than 260 sites around the world,
representing nearly 50 U.
Built by Space Systems/Loral (SS/L), XTAR-EUR was launched in February
2005 aboard an Ariane 5 ECA rocket . For more information,
visit XTAR's web site at http://www.

Loral Space + Communications is a satellite communications company. For more information, visit Loral's web site at
http://www .loral.
These risks and uncertainties include, among other things, volatility
of oil and gas prices , product supply and demand, competition,
government regulation or action, international operations and
associated international political and economic instability,
litigation, the costs and results of drilling and operations,
Pioneer's ability to replace reserves, implement its business plans,
or complete its development projects as scheduled, access to and cost
of capital, uncertainties about estimates of reserves, quality of
technical data, environmental and weather risks, acts of war or
terrorism.

abroad guinea

The five-year contract has an estimated maximum value of up to $137 million . Government, an important milestone in validating
Loral's innovative investment in XTAR's commercial X-band service model. Government entities. HISDESAT's aims are the acquisition, operation and commercialization
of Government-oriented space systems, beginning with satellite communications
in the X- and Ka -band frequencies.loral. Additional factors and conditions are also
described in the section of the company's annual report on Form 10-K for the
fiscal year ended December 31, 2004, entitled "Commitments and Contingencies,"
and the company's other filings with the Securities and Exchange Commission.

Contact: John McCarthy
(212) 338-5345
jmccarthy@hq.

guinea embassies

XTAR Awarded Multi-Year Contract to Provide Diplomatic Communications Services for the U.S. Department of State

S."
"XTAR is designed to offset a portion of the ever growing shortfalls in
bandwidth for military and government agency communications by providing a
cost-effective commercial augmentation to the government's X-band satellites,"
said Denis Curtin, chief operating officer, XTAR, LLC. Government activities at diplomatic and consular missions worldwide., Palo Alto, Calif. and Madrid, Spain. HISDESAT will
provide enhanced capabilities, including Ka-band, for Spain's defense
applications. Through its
Loral Skynet division, it owns and operates a fleet of telecommunications
satellites used to broadcast video entertainment programming, distribute
broadband data, and provide access to Internet services and other value-added
communications services."
Pioneer is a large independent oil and gas exploration and
production company with operations in the United States, Argentina,
Canada , South Africa, Tunisia, Equatorial Guinea, and Nigeria.pioneernrc. Forward-looking statements and the
business prospects of Pioneer are subject to a number of risks and
uncertainties that may cause Pioneer's actual results in future
periods to differ materially from the forward-looking statements .

embassies abroad

HISDESAT Servicios Estrategicos S.A. is a Spanish company headquartered in
Madrid.

Pioneer Awarded Interest in Deepwater Nigeria

Business Editors/Energy Editors

DALLAS----Pioneer Natural Resources
Company (NYSE:PXD) announced today that a subsidiary of the Company
has joined Oranto Petroleum and Orandi Petroleum in an existing
production sharing contract on Block 320 in deepwater Nigeria gaining
exploration rights from the Nigerian National Petroleum Corporation.
Under terms of an existing Production Sharing Contract, Pioneer
and the other participants will carry out a work program that includes
acquiring a minimum of 1,790 square kilometers of 3-D seismic data and
drilling at least one exploration well by February of 2007.
These exploration rights on Block 320 offer us a unique opportunity to
participate in the upside potential of deepwater Nigeria." Chris
Cheatwood, Executive Vice President of Worldwide Exploration, added,
"Existing 2-D seismic on the block indicates the presence of large
channel systems similar to those of the large nearby fields , Erha and
Bosi.

regional equatorial

Bernard L.S.com.A. These and other risks are described in Pioneer's 10-K and
10-Q Reports and other filings with the Securities and Exchange
Commission.

embassies guinea

XTAR is a joint venture between Loral Space + Communications and HISDESAT. Schwartz, chairman and CEO, Loral Space + Communications,
commented, "XTAR's agreement with the State Department will provide for the
first use of XTAR by the U.S.
Through our unique collaboration with HISDESAT, we're proud to be able to
provide the U.S., Spanish and allied governments., and has offices in
Arlington, Va. HISDESAT is owned jointly by HISPASAT,
S. or its representatives have made or may make forward-
looking statements, orally or in writing, which may be included in, but are
not limited to, various filings made by the company with the Securities and
Exchange Commission, press releases or oral statements made with the approval
of an authorized executive officer of the company. Pioneer's subsidiary is the technical
operator of the block with a 51% working interest. Oranto Petroleum
and Orandi Petroleum Limited, Nigerian corporations, hold 32% and 17%,
respectively.
Pioneer's headquarters are in Dallas. For more information, visit
Pioneer's website at www.com

Except for historical information contained herein, the statements
in this News Release are forward-looking statements that are made
pursuant to the Safe Harbor Provisions of the Private Securities
Litigation Reform Act of 1995 .

government regional

, XTAR, LLC today announced that it
has been awarded a contract with the U. Department of State's Diplomatic
Telecommunications Service Program Office (DTS-PO), Fairfax, Va., to provide
X-band communications services to embassies and consulates in Africa and Asia. Government with this new, previously unavailable commercial
X-band service in such a critical part of the world. Located at 29 degrees East longitude, the
satellite carries twelve 72 MHz high-power X-band transponders that provide
coverage from Eastern Brazil and the Atlantic Ocean, across all of Europe,
Africa and the Middle East to as far east as Singapore.

XTAR, LLC is a new satellite communications company committed to serving
the long-haul communications, logistics and infrastructure requirements of the
U.

This document contains forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. Actual results could differ
materially from those projected or suggested in any forward-looking statements
as a result of a wide variety of factors and conditions.
The 442,000 acre (1,790 square km) block is located about 90 miles
(150 km) southeast of Lagos in water depths ranging between 6,900 to
8,900 feet (2,100 to 2,700 m).
Scott Sheffield, Pioneer's Chairman and CEO stated, "We've
targeted West Africa as an area of focus for our exploration program.

equatorial abroad

---

- - kjjkjk

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