PetroMagdalena Energy Corp.

PetroMagdalena is pleased to announce that the Supreme Court of British Columbia has issued a Final Order approving the Plan of Arrangement involving PetroMagdalena, holders of common shares and common share purchase warrants of PetroMagdalena and 0942183 B.C. Ltd., a wholly owned subsidiary of Pacific Rubiales Energy. Receipt of the Final Order [...]

PetroMagdalena is pleased to announce that holders of PetroMagdalena common shares and common share purchase warrants have approved the previously announced Plan of Arrangement involving PetroMagdalena, the Securityholders and 0942183 B.C. Ltd., a wholly owned subsidiary of Pacific Rubiales Energy

Two leading independent proxy advisory firms, Institutional Shareholder Services Inc. (ISS) and Glass Lewis & Co., have recommended that securityholders of PetroMagdalena support the proposed acquisition of the Company by Pacific Rubiales Energy. ISS says in its report that a vote in favour of the transaction is warranted "considering the lack of [...]

PetroMagdalena today announced that it has obtained an interim order of the Supreme Court of British Columbia authorizing the holding of the Company's special meeting of holders of common shares and holders of common share purchase warrants. At the meeting, shareholders and warrantholders of the Company will be asked to consider and, if thought [...]

PetroMagdalena announced today that it has entered into a definitive agreement with Pacific Rubiales Energy, pursuant to which Pacific Rubiales has offered to acquire all of the issued and outstanding common shares of PetroMagdalena by way of a Plan of Arrangement under the British Columbia Business Corporations Act.

PetroMagdalena filed on May 30, 2012 its unaudited interim condensed consolidated financial statements and Management's Discussion and Analysis for the three months ended March 31, 2012. These documents will be posted on the Company's website and under the Company's SEDAR profile. Luciano Biondi, the Company's Chief Executive Officer, stated: "We [...]

PetroMagdalena Energy announced today that it has received TSX Venture Exchange approval of its previously announced proposed issuance of shares to settle certain debt owed to Pacific Rubiales Energy Corp. in connection with the exploration program at the Topoyaco and Las Quinchas blocks (see press release dated May 14, 2012).

PetroMagdalena is pleased to announce the appointment of Mr. Robert Metcalfe as the Lead Independent Director of the Company's board of directors, effective immediately. Mr. Metcalfe has been an independent director of the Board since the completion of the Company's going public transaction in July 2009. Mr. Metcalfe has been an active member of [...]

PetroMagdalena announced today the potential resolution of a blockade in our Cubiro Block located in the province of Casanare. In previous days there was an illegal protest where public roads in the province of Casanare were being blocked and this led to a lack of public order in the area. Rig operations were interrupted and trucking operations [...]

PetroMagdalena Energy announced today that it has entered into an agreement to issue shares to settle certain debt owed to Pacific Rubiales Energy Corp. in connection with the exploration programs at the Topoyaco, Arrendajo and Las Quinchas blocks. Luciano Biondi, Chief Executive Officer of the Company stated: "This debt settlement transaction [...]