TORONTO, April 9, 2013 /CNW/ - Pacific Rubiales Energy Corp. (TSX: PRE; BVC: PREC; BOVESPA: PREB) is pleased to provide an update on its 2013 year-to-date operations and exploration activities.In summary, the Company expects to report record production volumes in the first quarter 2013, with production at the top of its annual guidance range. Exploration well activity year-to-date includes ten wells, with one [...]
Please note that in c9136 sent at 12:01 ET today, the first sentence has been updated. The notes' interest rate should be 5.125% and not 5.12%. Correct copy follows: Pacific Rubiales Announces Closing of U.S. $1 Billion 5.125% Senior Unsecured Note Offering
Pacific Rubiales announced today that it has successfully closed an offering of U.S.$1 billion in senior unsecured notes at a rate of 5.125% due 2023. The net proceeds from the sale of the Notes will be used by the Company to repay outstanding short-term indebtedness and for general corporate purposes. The Notes have been assigned ratings of BB+ by Fitch Ratings and Standard & Poor's Corporation, and Ba2 by Moody's [...]
Pacific Rubiales is pleased to announce today that it has elected to exercise its option to acquire a 35% interest in Block S-M-1166 held by Karoon Gas Australiathrough the funding and participation in the Bilby-1 exploration well, offshore Santos basin, Brazil. This will be the third exploration well the Company has participated in the Karoon blocks, following the Kangaroo-1 and Emu-1 wells. The Company's participation [...]
Pacific Rubiales is pleased to announce that the environmental permits for expansion activities in the "Quifa Hydrocarbon Exploitation Area", southern Llanos basin onshore Colombia, have been granted by the Autoridad Nacional de Licencias Ambientales. The Quifa Hydrocarbon Exploitation Area covers both the Quifa SW producing oil field as well as the Quifa East Exploration Area surrounding the Rubiales Field on the north [...]
Pacific Rubiales is pleased to announce that one of its credit rating agencies has recently upgraded the Company's credit rating. On March 15, 2013, Standard & Poor´s Rating Services raised its corporate credit and senior unsecured debt rating on Pacific Rubiales Energy Corp. to "BB+" from "BB". The rating outlook is stable.
In TO454 transmitted yeasterday March 13 at 22:55e, an error occurred in the first sentence of the second paragraph, "60% after royalties" should have read "60% before royalties". Corrected copy follows: transmitted yeasterday March 13 at 22:55e, an ...
Pacific Rubiales announced today the release of its audited consolidated financial results for the years ended December 31, 2012 and 2011, together with its Management Discussion and Analysis for the corresponding period. These documents will be posted on the Company's website at www.pacificrubiales.com, on SEDAR at www.sedar.com, on the SIMEV website at www.superfinanciera.gov.co/web_valores/Simev, and on the BOVESPA [...]
Pacific Rubiales) announced today that a commercial arbitration decision in Colombia has been rendered in connection with its dispute with Ecopetrol regarding the interpretation of the high-prices clause of its Quifa Association Contract. The Company is evaluating the decision as it leaves open several unresolved issues. The Company is also evaluating all of its alternative remedies under Colombian laws and applicable [...]
Pacific Rubiales announced today a cash dividend of U.S.$0.11 per common share payable on March 26, 2013 to shareholders of record as of March 18, 2013 and to holders of Brazilian Depositary Receipts of record as of March 13, 2013. The ex-dividend date for shareholders trading on the Toronto Stock Exchange and the La Bolsa de Valores de Colombia (or the Colombia Stock Exchange) as well as for those trading BDRs on the [...]
Pacific Rubiales announced today the results of an independent evaluation of the Company's reserves in reports effective December 31, 2012, which show that the Company's net 2P reserves grew by 27% when compared to December 31, 2011. José Francisco Arata, President of the Company commented: "We look at these reserves reports for 2012 as a clear demonstration of the robustness of our exploration and development portfolio [...]
Pacific Rubiales announced today that it has entered into a binding term sheet with CGX Energy, pursuant to which Pacific Rubiales has agreed to invest Cdn$35,000,000 in CGX at a price of Cdn$0.14 per unit for an aggregate of 250 million units. Each unit will consist of one common share and one common share purchase warrant of CGX, with each warrant being exercisable to acquire one CGX common share at an exercise price of [...]
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