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About Us

aboutusPacific Rubiales is a Canadian and Colombian-listed producer of oil and natural gas. The company is the largest independent oil and gas exploration and production company in Colombia. Pacific Rubiales owns 100 percent of Pacific Stratus and Kappa Energy Holdings, as well as Meta Petroleum Limited, a Colombian oil operator which operates the Rubiales and Piriri oil fields in Colombia’s Llanos Basin ¡n association with Ecopetrol S.A., the Colombian national oil company.

The company is focused on identifying growth opportunities, primarily within the Eastern Llanos Basin as well as in other areas in Colombia and northern Peru. The company has a strong and growing reserve base, and is maximizing future production prospects through its exploration activities.

Highlights:

  • Increase gross production to 225,000 boepd (exit 2010)
    140,190 boepd (Figures are current as of May 12, 2010)
  • Strong 2P reserves
    • 2P reserves of 280.6 mmboe (1) (2)
    • Current production of 140,190 boe/d (gross operated) and 56,766 boe/d (net of working interest and royalties)
    • A total of 38 blocks – approximately 13 million acres
    • 7 producing blocks in Colombia
    • 28 exploration blocks in Colombia
    • 3 exploration blocks in Peru

  • La Creciente has the ability to deliver 120 mmcf/d through enhanced infrastructure
  • Significant exploration spending in 2009/2010 to exploit near/long-term exploration opportunities
  • Shares outstanding – fully diluted
    • 259.9 million basic shares outstanding
    • As of January 20, 2010, 44.3 million warrants exercised
    • 19.2 million options

  • 280.6 mmboe of 2P reserves (net working interest, gross of royalties) as of December 2009
  • La Creciente taken from discovery to ~60 mmcf/d in 15 months
  • Drilled more exploration wells than any other independent Colombian producer in 2009
  • 2nd largest exploration portfolio in Colombia and top-10 position in Peru
  • Strong track record of exploration success (80% - 44 out of 55 since 2006)
  • Management estimates of ~100 prospects and leads (3 billion barrels of oil equivalent)
  • Approximately 13 million net acres of exploration land

(1) Petrotech Engineering (2) RPS